AIIB approves $260M loan for Bangladesh’s steel bridge

The Asian Infrastructure Investment Bank (AIIB) has approved a 260million dollars loan to Bangladesh for the construction of the country’s first arch steel bridge.

The Kewatkhali Bridge would substantially ease congestion in the northern city of Mymensingh by diverting traffic from the busy city centre, the Beijing-based lender said in a statement posted on Tuesday.

Moreover, it said the new bridge would be part of the Dhaka-Mymensingh-India border corridor, which was strategically important for local and regional connectivity.

Once completed, according to AIIB, over 11 million people in Bangladesh’s northern region would benefit from increased mobility and integration of local and regional markets.

It said, the bridge would also shorten the travel time for people and vehicles, and contributed to the reduction of carbon emissions..TO CONTINUE READING CLICK ON https://thefreezonechannel.com/aiib-approves-260m-loan-for-bangladeshs-steel-bridge/