Bangladesh Infra Projects Get USD507m from World Bank

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Two infrastructure projects in Bangladesh have received USD507m from the World Bank.

The two projects will help develop the much-needed infrastructures through building a private sector-led, long-term infra financing platform and improving trade logistics, said Qimiao Fan, World Bank country director for Bangladesh.

The two projects funded by the World Bank are the improvement of multinational transport and trade logistics infrastructure and capacity building scheme for local financial institutions.

The capacity building project will help financial firms extend long-term credits for infrastructure ventures beyond the usual lending period of five to seven years.

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“These two projects will help develop the much-needed infrastructures through building a private sector-led, long-term infrastructure financing platform and improving trade logistics,” said Fan. – BusinessNewsAsia.com

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