Bangladesh highway development project for trade corridor

Funding worth US$1.2 billion will help pay for the stage two portion of the project to upgrade the Northwest Trade Corridor project in Bangladesh. The highway will improve transport connections to and from Dhaka, with stage two being for the 190km stretch between Elenga and Rangpur. This funding is being provided by the Philippines-based Asian Development Bank (ADB), although further financing from the Bangladesh Government will pay for the remaining $472.6 million required for this highway section.
October 27, 2017 Read time: 1 min

Funding worth US$1.2 billion will help pay for the stage two portion of the project to upgrade the Northwest Trade Corridor project in Bangladesh. The highway will improve transport connections to and from Dhaka, with stage two being for the 190km stretch between Elenga and Rangpur. This funding is being provided by the Philippines-based 943 Asian Development Bank (ADB), although further financing from the Bangladesh Government will pay for the remaining $472.6 million required for this highway section. The ADB’s funding package is being delivered in multiple tranches including a concessional loan, a regular loan and a technical assistance grant.

Finance & Funding

For more information on companies in this article

Related Content

  • Corridor 10 project in Serbia may be delayed
    April 2, 2013
    A series of challenges are now facing the project to construct Serbia’s key Corridor 10 highway. The EU has asked the Serbian Government for details of the priority plan and deadlines for the completion of the Corridor 10 highway. At present three sections of Corridor 10 are at risk, due to delays and financing issues. These are the Ciflik-Pirot stretch, the Bancarevo tunnel and the Vladicin Han section. According to Serbian roads company Koridori Srbije, the construction schedule will be set by the end of
    Read More
  • Nepal-India bridge project planned
    September 4, 2017
    Plans are being drawn up for a new bridge connection that will link Nepal with India. The bridge will span the Mechi River and will connect India’s Panitanki Bypass with Nepal’s East-West Highway. The project has been the subject of discussions between the two countries and is now moving forward following the successful conclusions of talks. The aim of the project is to boost trade and transport between the two nations. Construction of the 1.5km bridge link is expected to cost US$24.8 million
    Read More
  • Funding for Cameroon road upgrade
    July 10, 2023
    Funding has been secured for a Cameroon road upgrade.
    Read More
  • Loan for Bosnia project
    June 25, 2012
    The European Bank for Reconstruction and Development (EBRD) has granted a €150million sovereign-guaranteed loan for the construction of part of the new Banja Luka–Doboj motorway in Bosnia and Herzegovina. The loan-targeted motorway section is the main east–est link in Republika Srpska, one of the country’s entities. The EBRD said that it will also support the preparation of the first public–private partnership (PPP) project for the main north–south link in Bosnia and Herzegovina, the Doboj to Vukosavlje seg
    Read More

Highlighted Content