World Bank to provide USD 500 million to Bangladesh
The government of Bangladesh signed an agreement with the World Bank for the upgradation of rural roads and connectivity in the western region on Monday.
The project is expected to benefit over 20 million people in the western region of Bangladesh.
The project will help upgrade the 48 kilometre two-lane Jashore-Jhenaidah road to a modern 4-lane highway. It will also help improve 600 kilometre of connecting rural roads and build or develop new rural markets. The project will finance installation of fiber-optic cables along the highway to ensure fast and reliable internet service, said the World Bank Press release.
World Bank Country Director for Bangladesh and Bhutan Mercy Tembon said that better connectivity and logistics will help farmers reach new and existing markets quickly and at less cost.The project envisages setting up of separate lanes for slow moving vehicles to reduce accidents along highways. It will also install road crash barriers, signage and safe crossing facilities for pedestrians.
