WASHINGTON, October 5, 2018 - The World Bank’s Board of Executive Directors today approved additional financing for the following project:
Second Rural Transport Improvement Project
IDA Credit: US $100 million
Terms: Maturity = 30 years, Grace period = 5 years
Project ID: P123828
Project Description: The Second Bangladesh Rural Transport Improvement Project (RTIP II) provides rural communities with improved access to social services and economic opportunity. It also builds the capacity of government institutions to better manage rural transport infrastructure. This additional financing will help to scale up activities in 26 districts with the aim for enhancing development impact and providing climate-resilient rehabilitation for 1,433 km of Upazila and Union roads damaged from last year’s heavy rainfall and floods. In addition, road safety program will be further implemented to improve overall safety in rural roads.
