The Asian Development Bank (ADB) will provide Bangladesh a $275 million loan for improving and expanding water supply system of fast-growing Dhaka.
“Dhaka City is expanding fast, and demand for safe drinking water is rising rapidly,” Kazuhiko Higuchi, country director, Bangladesh Resident Mission of ADB, said in a media statement on Sunday.
Higuchi and Economic Relations Division Senior Secretary Mohammad Mejbahuddin signed the agreements on behalf of their respective organisations in Dhaka.
“This project will help over 7 million people in Dhaka get access to safe, regular and affordable water services,” Higuchi added.
Earlier, the ADB provided WASA $400 million for improving water supply system. Dhaka’s demand for water is projected to rise to around 2,616 million litres a day in 2020.
Late last month, the Manila-based bank approved the $275 million loan for water efficiency improvements in Dhaka.
Akira Matsunaga, economist in ADB’s South Asia Department, noted how water losses remained substantial and hindered Dhaka's ability to fully meet rapidly growing needs.
The new project will run for over five years with an expected completion date of June 30, 2021.