Govt, ADB sign $165m loan deal for investment in energy sector
Wednesday, 22 October 2008
Asian Development Bank (ADB) will provide a loan of $165 million to help Bangladesh boost private investment in infrastructure, mainly in the energy sector, reports UNB.
Bangladesh and ADB signed a loan agreement for Public-Private Infrastructure Development Facility (PPIDF) at the Economic Relations Division (ERD) Tuesday. ERD secretary Md Aminul Islam Bhuiyan and ADB country director Paul J Heytens signed the deal for their respective sides.
Of the total loan amount, $82 million is to help finance large infrastructure projects, $50 million to assist small and medium-size energy projects primarily in rural and semi-urban areas, and $33 million to promote renewable energy, such as solar home systems and bio mass installations through a microfinance-based, direct sales programme.
Bangladesh and ADB signed a loan agreement for Public-Private Infrastructure Development Facility (PPIDF) at the Economic Relations Division (ERD) Tuesday. ERD secretary Md Aminul Islam Bhuiyan and ADB country director Paul J Heytens signed the deal for their respective sides.
Of the total loan amount, $82 million is to help finance large infrastructure projects, $50 million to assist small and medium-size energy projects primarily in rural and semi-urban areas, and $33 million to promote renewable energy, such as solar home systems and bio mass installations through a microfinance-based, direct sales programme.