UNB, Dhaka :
The World Bank has approved $47.50 million to improve water, sanitation, and drainage infrastructure in Chittagong, with the aim of helping about 650,000 inhabitants of the port city gain access to safe and reliable water.
The credit from the World Bank’s International Development Association, which provides grants or zero-interest loans, has a 38-year term, including a six-year grace period, and a service charge of 0.75 percent.
To complete the remaining construction work, the project closing date is being
extended from December 2018 to March 2020. With this additional financing, World Bank support to the project now stands at $218.50 million.
This additional financing to the Chittagong Water Supply Improvement and Sanitation Project will help the Chittagong Water Supply and Sewerage Authority (CWASA) continue to build water treatment plant, transmission and distribution networks and improve water distribution infrastructure, as well as prepare sanitation and drainage master plans for the city.
The World Bank has approved $47.50 million to improve water, sanitation, and drainage infrastructure in Chittagong, with the aim of helping about 650,000 inhabitants of the port city gain access to safe and reliable water.
The credit from the World Bank’s International Development Association, which provides grants or zero-interest loans, has a 38-year term, including a six-year grace period, and a service charge of 0.75 percent.
To complete the remaining construction work, the project closing date is being
extended from December 2018 to March 2020. With this additional financing, World Bank support to the project now stands at $218.50 million.
This additional financing to the Chittagong Water Supply Improvement and Sanitation Project will help the Chittagong Water Supply and Sewerage Authority (CWASA) continue to build water treatment plant, transmission and distribution networks and improve water distribution infrastructure, as well as prepare sanitation and drainage master plans for the city.
