Bangladesh infrastructure boost from loan package

A package of loans from the Asian Infrastructure Investment Bank (AIIB) will help pay for key infrastructure projects in Bangladesh. The AIIB’s loan is worth US$541 million and will partly pay for two highway projects and a power project in Bangladesh. Improving the road from Sylhet to Tamabil is key to Bangladesh’s economic future as it will boost trade with neighbouring India and the work is expected to cost $435 million in all. Building the Mymensingh Kewtkhali Bridge will cost $235.1 million and will help reduce traffic congestion in Mymensingh City. The third project is for improving power transmission systems in Chittagong and will cost $177.5 million. In all these three projects will cost $787.5 million and the source of the remaining $246.6 million required has yet to be clarified.