Bangladesh infrastructure boost from loan packageStaff Writer | October 4, 2018
A package of loans from the Asian Infrastructure Investment Bank (AIIB) will help pay for key infrastructure projects in the country.
Asia The AIIB’s loan is worth $41 million
Improving the road from Sylhet to Tamabil is key to Bangladesh’s economic future as it will boost trade with neighbouring India and the work is expected to cost $435 million in all.
Building the Mymensingh Kewtkhali Bridge will cost $235.1 million and will help reduce traffic congestion in Mymensingh City.
The third project is for improving power transmission systems in Chittagong and will cost $177.5 million.
In all these three projects will cost $787.5 million and the source of the remaining $246.6 million required has yet to be clarified. ■