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ADB loan to develop rural infrastructure
15 April 2011: The Asian Development Bank (ADB) and the Bangladesh Government have signed a loan agreement for $60 million (approx Rs 270 crore) to upgrade rural roads and market facilities to improve growth and livelihood opportunities, and to cut poverty in underdeveloped areas.
The assistance will support the government's Sustainable Rural Infrastructure Improvement Project, which will be carried out in 21 districts in the northwest and southwest of the country. The project is expected to be co- financed by a grant for Euro 13 million equivalent from KfW, the German government-owned development bank.
The project will upgrade 800 kilometers of roads to all- weather standard, incorporating climate-proofing features, which include the building of cross-drainage structures, and roadside trees, horticulture, and pasture development.
Source: Bangladeshinfo