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Bangladesh infrastructure boost from loan package

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Staff 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.
Bangladesh infrastructure
Asia   The AIIB’s loan is worth $41 million
The AIIB’s loan is worth $41 million and will partly pay for two highway projects and a power project in Bangladesh.

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.