বিশেষ সংবাদ

বিশেষ সংবাদ

Business

ADB is lending 50 million to Bangladesh

The Asian Development Bank (ADB) is providing a loan of ৫ 50 million or Tk 425 crore for the implementation of public-private partnership (PPP) infrastructure projects in Bangladesh.

This information was given in a notification sent from ADB's Dhaka office on Thursday (September 10).

The notification said that a loan agreement has been signed in this regard. The agreement was signed by Economic Relations (ERD) Secretary Fatima Yasmin and ADB Country Director Manmohan Prakash.

Also signed by SM Anisuzzaman, CEO of Bangladesh Infrastructure Finance Fund Limited (BIFFL).

At the end of the agreement, Manmohan said the project would strengthen BIFFL's capacity to consolidate private investment, develop infrastructure projects and create employment. Which will accelerate the economic recovery process following the epidemic of coronavirus (Covid-19).

The project is expected to create about 3,000 jobs in BIFFL-backed PPP projects by 2024. It will also act as a catalyst for financing and investment in the development of commercial infrastructure in the larger private sector. He will also help the government implement the PPP strategy.

Copyright © Sunnews24x7

Newsletter

Subscribe to our newsletter and stay updated.

Most
Readed
Recent

Bangladesh’s human rights situation stable, but concerns remain: US State Dept report

The human rights situation in Bangladesh stabilised following the Jul...

Educationist Jatin Sarker passes away

Eminent essayist and educationist Professor Jatin...

CA urges Malaysian conglomerates to invest in Bangladesh

Chief Adviser Professor Muhammad Yunus today urged...

ACC files case against ex-Gazipur mayor Jahangir for embezzling Tk 7,500cr

The Anti-Corruption Commission (ACC) has filed a case against former Gazipur...

survivor testifies against Hasina at ICT

A survivor of barbaric police shooting on the student-people in the city'...

sunnews27x7 advertisement
Lifestyle
Entertainment
sunnews24x7 advertisement
Sports