$1b loan sought from AIIB for 7 projects

Finance Minister AMA Muhith yesterday said Bangladesh has sought loans to the tune of $1billion from the Asian Infras-tructure Investment Bank (AIIB) for implementing 7 projects, including power distribution system upgradation, reports BSS.

“We discussed future pipeline projects and two projects, being implemented with AIIB funding. We also submit new list of power and transportation projects,” the minister told journalists after a meeting with AIIB Vice President and Chief Investment Officer Dr DJ Pandian at secretariat in the capital.

The two projects are: “Distribution System Upgrade and Expansion” and “Natural Gas Infrastructure Efficiency Improvement.”

$1b loan sought from AIIB for 7 projects

Finance Minister AMA Muhith yesterday said Bangladesh has sought loans to the tune of $1billion from the Asian Infras-tructure Investment Bank (AIIB) for implementing 7 projects, including power distribution system upgradation, reports BSS. We discussed future pipeline projects and two projects, being implemented with AIIB funding. We also submit new list of power and transportation projects, the minister told journalists after a meeting with AIIB Vice President and Chief Investment Officer Dr DJ Pandian at secretariat in the capital. The two projects are: Distribution System Upgrade and Expansion and Natural Gas Infrastructure Efficiency Improvement.