Japan approves Tk 230m for Faridpur infrastructure development project
Wednesday, 27 June 2007
FE Report
The government of Japan approved Tuesday the utilisation of Japanese Counterpart Fund amounting to Tk 230 million (23 crore) for the greater Faridpur infrastructure development project.
The aim of the project is to alleviate poverty in greater Faridpur district through improvement of rural infrastructure that encompasses 563-km feeder roads, 6048-metre bridge and culverts, 217-km rural roads, 62 growth centres and 27 union parishad (UP) complexes.
The project incorporates measures that will sustain the benefits of the improved infrastructure in collaboration with NGOs in extending training to strengthen organisational capacity of UP complexes and growth centres. The project is expected to complete by June 2008.
The Ambassador of Japan to Bangladesh Masayuki Inoue expressed his optimism that Japan's assistance would greatly contribute to improving rural development in Bangladesh.
The Japanese Counterpart Fund is generated from the Debt Relief Grant Aid (DRGA) and KR Food Aid. The Japanese government provides DRGA for eligible debtor countries including Bangladesh in return for repayment of their ODA debts.
The total amount of DRGA provided to Bangladesh was about 256.8 billion yen (approx Tk 15,100 crore or $2,334 million).
The government of Japan approved Tuesday the utilisation of Japanese Counterpart Fund amounting to Tk 230 million (23 crore) for the greater Faridpur infrastructure development project.
The aim of the project is to alleviate poverty in greater Faridpur district through improvement of rural infrastructure that encompasses 563-km feeder roads, 6048-metre bridge and culverts, 217-km rural roads, 62 growth centres and 27 union parishad (UP) complexes.
The project incorporates measures that will sustain the benefits of the improved infrastructure in collaboration with NGOs in extending training to strengthen organisational capacity of UP complexes and growth centres. The project is expected to complete by June 2008.
The Ambassador of Japan to Bangladesh Masayuki Inoue expressed his optimism that Japan's assistance would greatly contribute to improving rural development in Bangladesh.
The Japanese Counterpart Fund is generated from the Debt Relief Grant Aid (DRGA) and KR Food Aid. The Japanese government provides DRGA for eligible debtor countries including Bangladesh in return for repayment of their ODA debts.
The total amount of DRGA provided to Bangladesh was about 256.8 billion yen (approx Tk 15,100 crore or $2,334 million).