Southeast Asia is one of the most hazard-prone regions in Asia and the Pacific. The region suffered $91 billion in financial losses in 2004–2014 from the impacts of typhoons, storm surges, floods, drought, and earthquakes. Southeast Asia’s poor and vulnerable are also the ones most likely to be adversely affected when disasters strike.
To advance proactive integrated disaster risk management measures within ADB’s developing member countries (DMCs) in Southeast Asia, ADB and the Government of Canada established the Integrated Disaster Risk Management (IDRM) Fund in February 2013. The IDRM Fund funded 19 technical assistance projects, including knowledge-sharing activities, in Cambodia, Indonesia, Lao People’s Democratic Republic, Myanmar, the Philippines, Thailand, and Viet Nam.
Bangladesh to receive $500mn from World Bank to improve connectivity daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
B desh to receive $500mn from World Bank to improve connectivity
By IANS |
Published on
Tue, Feb 2 2021 10:51 IST |
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DHAKA, March 12, 2020 (Xinhua) Photo taken on March 12, 2020 shows Bangladesh s first express highway on the outskirts of Dhaka, Bangladesh. A 55-km long express highway connecting Bangladesh s largest under construction Padma Bridge on the outski. Image Source: IANS News
Dhaka, Feb 2 : The Bangladesh government has signed a $500 million dollar financing agreement with the World Bank to help upgrade a highway and enhance connection of rural roads and markets, benefiting over 20 million people living in the country s western region, according to an official statement.
WB to provide $ 500m for rural connectivity, logistic infrastructure development Star Online Report Star Online Report
The World Bank will provide Bangladesh with USD 500 million for developing rural connectivity, market, and logistic infrastructure in light of the economic prospect created with the construction of the Padma Bridge.
Bangladesh Government s Economic Relations Division (ERD) Secretary Fatima Yasmin and World Bank s Country Director at Dhaka office Mercy Miyang Tembon signed the agreement to this end today at the ERD office in the capital, according to a press release issued by the ERD.
The World Bank Group s International Development Association (IDA) will release the fund from its IDA-18 Scale-Up Facility (SUF) to implement Western Economic Corridor and Regional Enhancement Programe (WeCARE) Phase-I: Rural Connectivity, Market and Logistic Infrastructure Improvement Project (RCMLIIP) .
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Bangladesh Receives $500 Million from World Bank to Improve Road and Digital Connectivity in Western Region
The government of Bangladesh today signed a $500 million financing agreement to help Upgrade the Jashore-Jhenaidah highway and improve the connecting rural roads and markets that will benefit over 20 million people living in the western region.
The Western Economic Corridor and Regional Enhancement (WeCARE) Phase I project will help upgrade the 48 KM two-lane Jashore-Jhenaidah road to a modern 4-lane highway. The project will also help rehabilitate 600 km connecting rural roads, and build new or develop existing rural markets. It will also install 48 km of fiber-optic cables along the highway to ensure fast and reliable internet service.