- Guard polling centres instead of boycotting election
- Paul Allen: Microsoft co-founder and billionaire dies aged 65
- Asia stocks at 17-month low as China lets yuan slip
- UK announces $22.25m support for Rohingya refugees
- IMF forecasts 7.1pc economic growth for Bangladesh in 2019
- Bangladesh ‘least committed’ to cut rich-poor gap: Oxfam
- Bhashani Univ suspends 5 BCL leaders ‘for misbehaving with teachers’
- NKorea hackers broke into banks, tried to take US$1.1b
- Oil spill threatens Meghna; unheeded for 5 days
- Haiti quake death toll rises to 15, and 300 injured
ADB provides $500m loan to develop 800MW power plant in Khulna
The Asian Development Bank (ADB) has provided US$500 million loan to develop a state-of-the-art 800-megawatt (MW) power plant in Khulna.
The fund will also be used for power transmission facilities along with associated connections to natural gas, according to the ADB.
Muhammad Alkama Siddiqui, additional secretary of the Economic Relations Division (ERD) under Finance Ministry and Manmohan Parkash, country director of the ADB, signed the deals on behalf of their respective sides, at a ceremony in the capital city.
The total cost of the project is $1.14 billion, with the Islamic Development Bank contributing $300 million in co-financing and the government contributing $338.5 million.
The project is due to be completed by the end of June 2022, the ADB added.