The agreements were signed at the Economic Relations Division or ERD at Dhaka’s Sher-e-Bangla Nagar on Tuesday. Kazi Shofiqul Azam, Secretary, ERD, and Kazuhiko Higuchi, Country Director, Bangladesh Resident Mission of ADB, signed the agreements. The agreements aim to strengthen urban infrastructure, service delivery, and management in Bangladesh’s municipalities, according to a media release. “The ongoing project for improving urban infrastructure and services in 30 municipalities nationwide has been progressing well,” the statement quoted Higuchi as saying. The additional financing for the project, Third Urban Governance and Infrastructure Improvement, will increase the total ADB loans for the project to $325 million.

Source: bd News24 September 19, 2017 14:26 UTC