The Asian Development Bank (ADB) and the government yesterday signed an agreement for $120 million to overhaul urban planning, infrastructure, and services in two city areas.
M Musharraf Hossain Bhuiyan, secretary of Economic Relations Division (ERD) and Thevakumar Kandiah, country director of ADB's Resident Mission, signed the loan agreement, at ERD on behalf of Bangladesh and ADB respectively, said an ADB press release.
The assistance for the Bangladesh City Region Development Project will target energy-efficient, environment-friendly urban services, more coordinated development planning, and stronger management capacity for Dhaka and Khulna city corporations and adjoining secondary towns.
"The project aims to increase the growth potential and environmental sustainability of these two city regions," said Thevakumar Kandiah.
Along with physical improvements to water, drainage, urban transport and other facilities, the project will incorporate a pilot programme to install energy-efficient water pumps and solar-powered street lights.
Source : The Daily Star
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