Bangladesh River Bridge Project Wins World Bank Aid

The World Bank is providing $1.2 billion for the construction of a major river bridge that would link southwestern Bangladesh to the central and eastern parts of the country.

The Padma bridge project is estimated to cost a total of $2.93 billion and is also supported by the Asian Development Bank and the Islamic Development Bank, Gulf News reports.

Japan has put on hold the signing of the $400 million loan it initially pledged for the project because it wanted to focus more post-tsunami rebuilding efforts, a Bangladeshi official told Reuters in March.

>> Japan Postpones Loan for Bangladesh Bridge

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About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.