Saturday, May 26, 2018 | ePaper

ADB to give $200m for municipality dev

  • Print
Economic Reporter :
Asian Development Bank (ADB) will provide US$ 200 million to Bangladesh to strengthen urban governance and improve urban infrastructures and service delivery in pourashavas (municipalities) across the country.
"The ADB fund will develop pourashavas with high growth potential in an integrated and holistic way both in terms of governance and infrastructure with an aim at making them model towns of the country," an Economic Relation Division (ERD) official told on Wednesday.
A loan agreement to this end will be signed on September 19 at the NEC-II Conference Room at the ERD in the city's Sher-e-Bangla Nagar area.
ERD Secretary Kazi Shofiqul Azam and ADB Country Director Kazuhiko Higuchi will sign the agreement on behalf of their respective sides.
After the successful implementation of earlier phases, the project titled "Third Urban Governance and Infrastructure Improvement (Sector) Project (UGIIP-3)-Additional Financing" will provide investment funds to 35 pourashavas based on their governance performance.
In addition to the focused interventions to these towns, the project will roll out application of governance performance criteria linked with fund allocation to all class-A pourashavas, in the country.
ADB will provide the loan to develop urban roads and traffic management and to ensure water and other urban infrastructures and services of pourashavas for environmentally sustainable and inclusive economic growth.
The other urban services are urban flood protection, urban policy, institutional and capacity development, urban sanitation, urban slum development, urban solid waste management and urban water supply.
In the government's Seventh Five-Year Plan (2016-2020), urban development is a national priority to reduce urban poverty and improve living conditions through better city governance and service improvement.
In line with this policy direction, UGIIP-3 supports strengthening of urban governance and improvement of urban infrastructure and service delivery in pourashavas by providing investment support to pourashavas with high potential growth based on their governance performance.

More News For this Category

Professor Md. Nazmul Hassan, Ph.D, Chairman of Islami Bank Bangladesh Limited, presiding over the meeting of Board of Directors at the bank's head office on Thursday. Dr. Areef Suleman, representative of Islamic Development Bank , other directors and Md. Mahbub ul Alam, Managing Director of the bank were also present.

Professor Md. Nazmul Hassan, Ph.D, Chairman of Islami Bank Bangladesh Limited, presiding over the meeting of Board of Directors at the bank's head office on Thursday. Dr. Areef Suleman, representative of Islamic Development Bank , other directors and Md. Mahbub ul Alam, Managing Director of the bank were also present.

.

BB's policies boost up women entrepreneurs in BD

BSS, Dhaka :During her study career up to the Master's level, She fostered a dream to be the one quite independent with a unique business, unlike her other friends

BIGD joins int'l research partnership on tobacco tax policies

Business Desk :BRAC Institute of Governance and Development (BIGD), BRAC University, has joined an international collaboration of economics and fiscal policy researchers focused on tobacco control policies in Bangladesh.Research

M. Khorshed Anowar, Head of Retail Banking of Eastern Bank Limited (EBL) and KSM Mohith-ul Bari, Head of Business of Pepperoni Limited, the franchise of Secret Recipe in Bangladesh, exchanging an agreement signing documents at its head office in the city recently. Under the deal, cardholders of the bank will get exclusive discounts on food and beverage items at all outlets of the restaurant across the Dhaka city. Senior officials from both the organizations were present.

M. Khorshed Anowar, Head of Retail Banking of Eastern Bank Limited (EBL) and KSM Mohith-ul Bari, Head of Business of Pepperoni Limited, the franchise of Secret Recipe in Bangladesh, exchanging an agreement signing documents at its head office in the city recently. Under the deal, cardholders of the bank will get exclusive discounts on food and beverage items at all outlets of the restaurant across the Dhaka city. Senior officials from both the organizations were present.

.

ABL, TVS ink MoU to work as corporate partners

Business Desk :Atlas Bangladesh Limited (ABL), a state owned company on Thursday inked a Memorandum of Understanding (MoU) with TVS Auto Bangladesh Limited for working as corporate partners.Industries Minister

BEA to place its budget proposals for FY19 today

Business Desk :Like previous years, Bangladesh Economic Association (BEA) will place its budget proposals on Saturday simultaneously from the capital and other parts of the country through holding separate

OBHAI assists DMP Water purifiers

Business Desk :The Ride sharing service 'OBHAI', a concern of MGH group has stepped forward for Dhaka Metropolitan Police, says a press release. Recently, 'OBHAI' handed over 10 water

Trump expands multi-front trade conflict

AFP, Washington :With the latest threat to impose harsh import duties on vehicles and auto parts under the guise of national security, President Donald Trump has opened another front

On behalf of Managing Director of BRB Polymer Limited, Md. Parvez Rahman, Director of the company receiving the ''President's Award for Industrial Development-2016'' from the President Md. Abdul Hamid, at Osmani Memorial Auditorium in the city recently in recognition of remarkable contribution in industrialization, manufacturing and creating employment opportunity in private sector in the country.

On behalf of Managing Director of BRB Polymer Limited, Md. Parvez Rahman, Director of the company receiving the ''President's Award for Industrial Development-2016'' from the President Md. Abdul Hamid, at Osmani Memorial Auditorium in the city recently in recognition of remarkable contribution in industrialization, manufacturing and creating employment opportunity in private sector in the country.

.

Film actor Amin Khan, inaugurating an exclusive showroom of Marcel as the Brand Ambassador of the company at Jhikargacha Bazar in Jessore district on Wednesday. Humayun Kabir, Executive Director, Dr. Shakhawat Hossen, Additional Operative Director, Nurul Islam Rubel, First Sr. Assistant Director of the company among others were present.

Film actor Amin Khan, inaugurating an exclusive showroom of Marcel as the Brand Ambassador of the company at Jhikargacha Bazar in Jessore district on Wednesday. Humayun Kabir, Executive Director, Dr. Shakhawat Hossen, Additional Operative Director, Nurul Islam Rubel, First Sr. Assistant Director of the company among others were present.

.