ADB loan helps finance Bangladesh road project expansion
The Asian Development Bank has approved a $100 million loan to expand the coverage of an ongoing rural road network improvement project in Bangladesh, connecting the rural population to agricultural development zones.
The additional financing will scale up the current road network development, under the Rural Connectivity Improvement Project, from 1,700km to 2,630km of rural roads. It will build on the $200 million financial package approved in 2018 aimed at upgrading rural roads in 34 districts to all-weather standards with climate resilience and safety features.
The total cost of the project, which is expected to be completed by 2024, is $449.23 million, with the Government of Bangladesh contributing $149.23 million. The expanded project will benefit 40.2 million inhabitants.
