Business Desk : The International Finance Corporation (IFC), a member of the World Bank Group, is working with Dhaka city development authority to improve building safety standards by strengthening the construction permit approval process and related building inspection mechanisms. With this project, Bangladesh Investment Climate Fund, managed by IFC in partnership with the UK government and the European Union, aims to improve safe building standards prevalent in Bangladesh, said an IFC release on Wednesday. Through this project, IFC will support Dhaka city development authority, Rajdhani Unnayan Kotripokkho or RAJUK, to introduce third party inspection for increased safety, streamline existing laws, automate the construction permit issue process, and introduce digital signatures to reduce paperwork. The project will actively encourage pro-environment green options to save water and energy in new buildings by incorporating green building measures in the RAJUK construction regulation. “Dhaka is densely populated and situated in an earthquake prone zone. Bringing down risk levels in buildings is crucial. To address global concerns around safety in buildings, we are keen to support strict enforcement of building inspection and regulation of construction permits,” said Md. Nurul Huda, Chairman of RAJUK. Dhaka is one of the fastest growing cities in the world, and there is a need for more disciplined growth in the future. In a landmark move, Bangladesh government has committed cash contribution to the project aiming to improve the country’s investment climate.