The World Bank approved USD360 million to help Bangladesh improve the navigability and year-round safe transport for passengers and cargo along Bangladesh’s busiest waterways.
The Bangladesh Regional Waterway Transport Project 1 will improve the navigability of 900 km of inland waterways along the Chittagong-Dhaka-Ashuganj Corridor and connecting routes, which will help reduce travel time and cost for cargo and passenger transport and boost national and regional trade.
The project will build one new general cargo terminal at Pangaon and improve the existing cargo terminal at Ashuganj. It will also build new and rehabilitate existing passenger terminals at Sadarghat, Narayanganj, Chandpur, and Barisal. To help the poor population living in remote areas, the project will construct 14 landing Ghats/stations in Chars (shoals), where often waterways are the only mode of transportation.
The terminals and landing stations will be built to improve the security, safety, and sanitation conditions, and incorporate the needs of female users, the elderly, and small traders, such as women-only toilets and waiting rooms.
The project is part of a Regional Connectivity and Integration Program supported by the World Bank for the Bangladesh-Bhutan-India-Nepal (BBIN) countries. The project will also help build the capacity of the Bangladesh Inland Water Transport Authority to ensure modern and efficient management that matches international standards. It will also aim to achieve long-term operational and financial sustainability.
"High transport costs, low efficiency and delays in the logistics chain increase trade costs and reduce the competitiveness of Bangladesh’s products", said Diep Nguyen-van Houtte, World Bank Team Leader for the project. "By improving riverine connectivity, the project will make movement easier for traders, producers, passengers and cargo on multimodal transport networks in the sub-region, and help the poorest who rely on inland waterways as a mode of transport." The credit from the World Bank’s International Development Association, which provides grants or zero to low interest loans, has a 38-year term, including a six-year grace period, and a service charge of 0.75%.
GMT 15:05 2018 Friday ,16 November
World Bank Regional Vice President First Visit to West Bank and GazaGMT 15:42 2017 Wednesday ,20 December
World Bank approves $825m loan for Pakistan infrastructureGMT 22:37 2017 Sunday ,19 November
Bank committed to promoting Islamic banking industryGMT 16:52 2017 Saturday ,14 October
Trump administration rejects World Bank capital increaseGMT 18:28 2017 Tuesday ,03 October
Egypt-World Bank cooperation unprecedentedly successfulMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor