$22m ADB fund for tourism, bridge design | The Daily Star
11:00 PM, December 07, 2009 / LAST MODIFIED: 11:00 PM, December 07, 2009

$22m ADB fund for tourism, bridge design

The Asian Development Bank (ADB) and Bangladesh yesterday signed two agreements for $22 million in soft loans to help promote tourism and complete the Padma Bridge design, the lending agency said in a statement.
M Musharraf Hossain Bhuiyan, secretary of the Economic Relations Division (ERD), and Paul J Heytens, country director of ADB's Bangladesh Resident Mission, signed the deals at a ceremony in Dhaka.
Around $12 million in loans for tourism development in Bangladesh will come from the South Asia Tourism Infrastructure Development Project.
The supplementary assistance of $10 million for the Padma Bridge design will help complete the design work of the vital infrastructure, ADB said.

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