World Bank and AIIB finance sanitation project in Dhaka
The World Bank is to provide $170 million in financing to improve sanitation services in Dhaka city in Bangladesh, benefiting around 1.5 million people. The project also includes $170 million financing from the Asian Infrastructure Investment Bank and $143 million financing from the Government of Bangladesh.
The Dhaka Sanitation Improvement Project will help construct a new sewage treatment plant at Pagla area with a capacity of treating about 150 million litres of domestic waste water per day.
The project will treat sewage and septage, which will help reduce inland flooding and water pollution. It will also provide 50,000 new household sewer connections. The funds will also be used to upgrade toilets and install communal septic tanks in low-income housing areas.
The project will receive a scale-up facility credit from the World Bank’s International Development Association, with a 34-year term, including a four-year grace period.
