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ADB to lend Bangladesh $45 mln for water resource project| Reuters

Oct 07, 2015    

DHAKA The Asian Development Bank (ADB) is part-funding expansion of a water resources project in southwest Bangladesh that has sharply increased agriculture production and benefited nearly 200,000 people, it said on Tuesday.ADB is providing a $45 million loan and the government of the Netherlands is expected to give a grant of $7 million. Both provided initial funding for the scheme, which was approved in 2005.The new funds will help renovate or build gated water retention structures and flood embankments, and re-excavate clogged drainage and irrigation canals.Sustainable water resources manag...

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