Dhaka, Bangladesh (BBN)– The World Bank will provide around US$175 million loan for improving water and sanitation services in the country’s port city.
The Washington-based development partner would provide around $ 175 million credit in soft terms for implementation of the proposed Chittagong water supply improvement and sanitation project (CWSISP) of the government.
“The project is expected to be approved by June 30, this year,” a World Bank announcement said in the capital, Dhaka on Wednesday.
Following detailed discussions in late December 2009, the government is at present completing its review of the proposed project scope. At the same time, CWASA and the government, along with the World Bank have progressed significantly on the necessary steps towards completing the project preparation, the announcement added.
The project will be implemented in coordination with other development partners. It is in line with the partnership framework entered into between the Bangladesh government and five development partners – the Asian Development Bank, the World Bank, the Danish International Development Assistance, the Government of Japan, and the Government of Republic of Korea.
Chittagong is the second largest city of Bangladesh with approximately 4 million populations.The city’s continued expansion along with depleted and inadequate infrastructure and facilities for water and sewerage services makes providing reliable water and sanitation services difficult, the World Bank said.
BBN/SS/SI/AD-11Feburary 10-11:00 am (BST)
