$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.
Comments