ADB ap­proves $200m projects in Bangladesh

China Daily (Hong Kong) - - BUSINESS -

The Asian De­vel­op­ment Bank’s board of di­rec­tors has ap­proved a loan pack­age to­tal­ing $200 mil­lion to strengthen ur­ban in­fra­struc­ture, ser­vice de­liv­ery, and gov­er­nance in Bangladesh’s mu­nic­i­pal­i­ties. “The coun­try’s mu­nic­i­pal­i­ties still need sig­nif­i­cant in­vest­ment to not only im­prove ser­vice de­liv­ery and the ur­ban en­vi­ron­ment but also strengthen re­silience to cli­mate change,” said ADB Ur­ban De­vel­op­ment Spe­cial­ist Alexan­dra Vogl. “This ad­di­tional ADB fi­nanc­ing for the well per­form­ing Third Ur­ban Gov­er­nance and In­fra­struc­ture (Sec­tor) Project builds on the work of two pre­vi­ous ADB projects, ex­pand­ing work in the mu­nic­i­pal­i­ties where we are al­ready work­ing and into five new ones,” Vogl was quoted as say­ing in a state­ment re­leased on Wed­nes­day.

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