BSS, Dhaka :
World Bank (WB) will provide additional US$ 47.50 million financing to continue construction of new water infrastructure in Chittagong and provide access to safe water to around 6.5 lakh inhabitants in the city.
The government and WB today signed a financing agreement in this regard which was inked by Economic Relations Division (ERD) Additional Secretary Mahmuda Begum and Acting WB Country Director Rajashree Paralkar on behalf of their respective sides at the ERD, said a WB press release.
The financing to the Chittagong Water Supply Improvement and Sanitation Project will help the Chittagong Water Supply and Sewerage Authority (CWASA) to complete constructing the Modunaghat Water Treatment Plant and Patenga Booster Pumping Station. Under the project, 60 km of new water transmission pipeline will also be installed while rehabilitated another 73 km pipeline from Kalurghat to Patenga Booster Pumping Station.
“We hope CWASA will be able to mitigate the city’s water-logging issues by improving drainage infrastructure with the implementation of the Drainage and Sewerage Master Plans that the project is supporting to finalize,” said Rajashree Paralkar.
The project has already provided access to improved water to 254,400 people. The additional financing will help 27,000 homes access reliable water supply by installing 10,000 new piped household connections and rehabilitating 17,000 existing connections. Further, the project will install 150 community connections in the city’s poorer areas.
The additional financing will also strengthen CWASA’s institutional capacity and help CWASA finalize sanitation and drainage master plans for the city.
“The financing will help to establish a long-term water supply, sanitation and drainage infrastructure development and operational management programme in Chittagong to better serve the growing population in Chittagong city,” said Mahmuda Begum.
With this additional financing, WB support to the project now stands at US$218.50 million. The credits are from the International Development Association (IDA), the World Bank’s concessional lending arm. The credits are interest-free and repayable in 38 years, including a six-year grace period and carry a service charge of 0.75 percent.
World Bank (WB) will provide additional US$ 47.50 million financing to continue construction of new water infrastructure in Chittagong and provide access to safe water to around 6.5 lakh inhabitants in the city.
The government and WB today signed a financing agreement in this regard which was inked by Economic Relations Division (ERD) Additional Secretary Mahmuda Begum and Acting WB Country Director Rajashree Paralkar on behalf of their respective sides at the ERD, said a WB press release.
The financing to the Chittagong Water Supply Improvement and Sanitation Project will help the Chittagong Water Supply and Sewerage Authority (CWASA) to complete constructing the Modunaghat Water Treatment Plant and Patenga Booster Pumping Station. Under the project, 60 km of new water transmission pipeline will also be installed while rehabilitated another 73 km pipeline from Kalurghat to Patenga Booster Pumping Station.
“We hope CWASA will be able to mitigate the city’s water-logging issues by improving drainage infrastructure with the implementation of the Drainage and Sewerage Master Plans that the project is supporting to finalize,” said Rajashree Paralkar.
The project has already provided access to improved water to 254,400 people. The additional financing will help 27,000 homes access reliable water supply by installing 10,000 new piped household connections and rehabilitating 17,000 existing connections. Further, the project will install 150 community connections in the city’s poorer areas.
The additional financing will also strengthen CWASA’s institutional capacity and help CWASA finalize sanitation and drainage master plans for the city.
“The financing will help to establish a long-term water supply, sanitation and drainage infrastructure development and operational management programme in Chittagong to better serve the growing population in Chittagong city,” said Mahmuda Begum.
With this additional financing, WB support to the project now stands at US$218.50 million. The credits are from the International Development Association (IDA), the World Bank’s concessional lending arm. The credits are interest-free and repayable in 38 years, including a six-year grace period and carry a service charge of 0.75 percent.
