News Briefs
$60m loan deal with OFID for infrastructure dev
Tuesday, 16 January 2018
The government is set to sign two loan agreements with the OPEC Fund for International Development (OFID) for US$60 million for the 'Payra Bridge (Lebukhali Bridge) Project' and the 'South Asia Sub-Regional Economic Cooperation (SASEC) Road Connectivity Project'. Economic Relations Division (ERD) secretary Kazi Shofiqul Azam and OFID director-general Suleiman J Al Herbish will sign the agreements Wednesday, an ERD official said Monday. Under the agreements, he said, $30 million will be used as additional funding for the construction of Lebukhali Bridge over the Payra River and another $30 million for SASEC Road Connectivity Project as extra cost. —BSS