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Bangladesh, ADB sign deal for rural road network

IANS  |  Dhaka 

The (ADB) and the Sunday signed an agreement for $200 million in loans to improve the in

Monowar Ahmed, of (ERD), and Manmohan Parkash, of the ADB, signed the agreement at a ceremony in Dhaka, reports

"The assistance supports the government's priority of delivering in rural areas by increasing connectivity, providing and markets, and promoting the agriculture sector, benefiting over 51.5 million people," said Parkash.

The assistance will support the government's Rural Connectivity Improvement Project (RCIP) to upgrade about 1,700 km of rural roads on all-weather standards in 34 districts located in five divisions.

The total cost of the project, which is due for completion in November 2023, is $285.31 million.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, January 13 2019. 18:46 IST
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