AIIB approves $170m loan to boost Dhaka’s sanitation system

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Asian Infrastructure Investment Bank (AIIB) has approved US$170 million loan to aid government’s efforts in developing Dhaka’s sanitation system as about 1.5 million residents are anticipated to be benefited from this improved sanitation.

Board of Directors of the Asian Infrastructure Investment Bank (AIIB) approved a US$170 million loan to benefit about 1.5 million residents in Bangladesh’s capital Dhaka after bettering the city’s sanitation services, said an AIIB news release received here today.

The loan was approved for a scheme namely Dhaka Sanitation Improvement project and the total amount, co-financed by the World Bank, will support government investments in sanitation infrastructure comprising sewerage systems, water treatment, and pilot measures for hard-to-reach areas in the Pagla catchment, just about the most densely populated regions of the city, the release said.
Children below age five and vulnerable households bears the best burden of poor sanitation through morbidity and the increased loss of productivity because of water-borne illnesses.

“AIIB is focused on ensuring that its projects improve standard of living for the most vulnerable communities. This project is likely to directly contribute to the achievement of Sustainable Development Goal (SDG) 6, which is to make sure access to water and sanitation for all,” said AIIB Vice President, Investment Operations, DJ Pandian.

“The experience of implementing this project will strengthen AIIB’s capacity to finance broad-based water supply and sanitation projects, which are in popular in other areas of the spot,” he added.

The project funds will be used to reconstruct two trunk mains, create a new secondary and tertiary network and a wastewater treatment plant, the release said.

Other key elements of the investment include strengthening the capability of the Dhaka Water Supply and Sewerage Authority and testing the feasibility of locally adapted collection and water treatment solutions, it added.

The project is AIIB’s eighth investment in the united states, which are aligned with the country’s priority development plans and the SDGs. The approved project brings the Bank’s total commitment in Bangladesh to $1.068 billion.
Source: https://www.daily-sun.com

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