ADB to provide loans for tackling river erosion

The Asian Development Bank (ADB) will fund state-of-the-art riverbank protection measures in Bangladesh to prevent land erosion, which is destroying livelihoods costing the economy of an estimated $250 million a year. An ADB multitranche loan financing facility of $255 million will help put in place riverbank protection structures and embankments along vulnerable portions of the Jamuna, Padma and Ganges rivers --- the country’s main waterways, according to ADB release, according to a news agency.