The government on Sunday signed an additional $47.50 million financing agreement with the World Bank to continue construction of a new water infrastructure in the port city of Chittagong, said a press release.
The financing for the Chittagong Water Supply Improvement and Sanitation Project totaling $218.50 million will help the Chittagong Water Supply and Sewerage Authority to complete constructing the Modunaghat Water Treatment Plant and Patenga Booster Pumping Station, as well as to install 60 km of new water transmission pipeline and rehabilitate another 73 km pipeline from Kalurghat to the Patenga Booster Pumping Station providing access to safe water to around 650,000 inhabitants in the city, the release claimed.
World Bank acting country director for Bangladesh Rajashree Paralkar and additional secretary of economic relations division Mahmuda Begum signed the agreement.
The credits are interest-free and repayable in 38 years from the WB’s concessional lending arm International Development Association.
(Source: New Age)
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