WB provides $410m to improve basic urban services
Sunday, 20 April 2014
The government of Bangladesh and the World Bank (WB) on Sunday formally launched a project to improve municipal governance and basic urban services in the city corporations and municipalities that will benefit some 3.4 million people in nearly 100 urban communities across Bangladesh. The newly-launched ‘Municipal Governance and Service Project’ will provide financial support through the Local Government Engineering Department (LGED) to the pre-selected 26 urban government bodies with high economic growth and job creation potential, located along growth corridors leading from Dhaka towards Chittagong, Rangpur, Sylhet and Mymensingh, said a World Bank release. The project will also cover three district towns in the south. Support will also be provided through the Bangladesh Municipal Development Fund (BMDF) to eligible municipalities in Bangladesh on concessional terms. The World Bank is providing US$410 million for this project, which became effective on April 7, 2014, according to a news agency.