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LOANS & CREDITS October 5, 2018

Bangladesh: Second Rural Transport Improvement Project

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.

 


Contacts

Washington
Elena Karaban
(202) 473-9277
ekaraban@worldbank.org
Dhaka
Mehrin Ahmed Mahbub
(880-2) 55667777
mmahbub@worldbank.org
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