Bangladesh gets $200 million ADB loan for rural road improvements
The Asian Development Bank (ADB) signed an agreements with
the government of Bangladesh for $200 million in loans to improve the rural
road network in the country.
Poor infrastructure is often cited as one of the major
hindrances to growth in the South Asian country of 165 million people.
The assistance supports the government’s priority of
delivering urban services in rural areas by increasing connectivity, providing
greater access to social services and markets, and promoting the agriculture
sector, benefiting over 51.5 million people.
It will also improve transport efficiency, generate 3.13
million person-days of employment, introduce high-level technology to enhance
road master planning, and create road safety awareness among rural population.
The assistance will support the government’s Rural
Connectivity Improvement Project (RCIP) to upgrade about 1,700 km (1,056 miles)
of rural roads to all-weather standards in 34 districts located in five
The project also prioritizes the repair of roads damaged by
flash floods in 2017.
Only about 40 % of the rural population in Bangladesh has
access to all-weather roads, and these roads make up only 28 percent of the
total length of rural roads in the country.
The total cost of the project, which is due for completion
in November 2023, is $285.31 million.
ADB will provide a concessional loan of $100 million and a
regular loan of $100 million and the rest would be provided by the Bangladesh