The Asian Development Bank (ADB) and the Bangladeshi government on Monday signed loan agreements worth 627 million U.S. dollars for the implementation of development and climate resilience projects.
Sharifa Khan, secretary of the Economic Relations Division, and Jiangbo Ning, deputy country director and officer-in-charge of Bangladesh resident mission of the ADB, signed the agreements on behalf of their respective sides, said a statement from the Manila-based lender.
The ADB said it will provide about 278 million dollars in loan for the Third Public-Private Infrastructure Development Facility– Tranche 2, and 100 million dollars for the Greater Dhaka Sustainable Urban Transport Project (BRT- Gazipur).
Meanwhile, the bank will also give about 246 million dollars in loan for the Coastal Towns Climate Resilience Project and a grant of 4 million dollars for the Coastal Towns Climate Resilience Project.
