The government has signed a €360 million loan agreement with the Asian Development Bank or ADB to upgrade the Dhaka-northwest international trade corridor.
Published : 15 Mar 2020, 09:18 PM
Economic Relations Secretary Fatima Yasmin and ADB Country Director Manmohan Parkash signed the deal at a ceremony in Dhaka on Sunday, according to a media release from the ADB.
The assistance forms the second tranche of $1.2 billion multi tranche ADB loans for the Second South Asia Sub-regional Economic Cooperation or SASEC Dhaka-Northwest Corridor Road Project.
It is part of a priority international transport corridor that connects Bangladesh with Bhutan, India, and Nepal, Manmohan said.