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Meeting to hasten implementation postponed
Mon Jul 12, 2021 12:00 AM
The Asian Development Bank has managed to award only 27 percent of its mid-year target for contracts and 47 percent of its half-year fund disbursement target as of June 30, in an indication of the magnitude of slowdown in project implementation caused by the pandemic.
In the first six months of 2021, the ADB, which is one of the biggest lenders of Bangladesh, has set a target of awarding contracts worth $826 million and disburse $1,027 million, showed an internal document.
Pandemic has affected most of the projects implementation, said the Manila-based multilateral lender, adding that the delays in awarding contracts and disbursing funds have seriously impacted the projects performance.
19 railway projects to miss deadline | The Daily Star thedailystar.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailystar.net Daily Mail and Mail on Sunday newspapers.
[media type="image" id="942129" layout="small" position="right" caption="1"][/media] Two major railway expansion projects have plunged into uncertainty as China has decided not to finance one of those and the Chinese contractors for both the projects have refused to work following downward revision of the contract prices.