World Bank estimates cost of climate-proofing Bangladesh's infrastructure

Bangladesh will need up to $5.7 billion by 2050 to safeguard key infrastructure better against extreme weather effects, a new World Bank report says.

The report, dubbed “The Cost of Adapting to Extreme Weather Events in a Changing Climate,” says monsoon floods will affect an additional 2 million people across Bangladesh in the next few years. It adds that some 17 million people currently living near coastal areas are at risk.

To mitigate the effects of future extreme weather events, the World Bank report says Bangladesh needs climate-smart policies as well as increased investments in infrastructure. These policies and investments are necessary despite the country’s already extensive efforts to protect coastal areas from climate change effects, the report notes.

Of the World Bank’s $5.7 billion estimate, some $2.4 billion is expected to be allocated for climate-proofing critical infrastructure by 2050 while the remaining $3.3 billion is to be spent on improving railways, drainage systems, roads and embankments.

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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.