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

  • Funding found for Pakistan highway revamp
    July 8, 2014
    Financing has been found for a major highway upgrade project for Pakistan. The Asian Development Bank (ADB) is lending US$197 million to Pakistan’s National Highway Development Project for Balochistan. The loan will be used to upgrade the Zhob-Mughal Kot and Qila Saifullah Waghum highways. At present these highways feature just two lanes, but the improvement works will see them being widened and improved, so as to increase capacity and also upgrade safety. The wider aim of the project is to help generate ec
    Read More
  • New northern highway link for Pakistan
    September 23, 2014
    Pakistan is planning a project to construct a new northern highway connecting Havelian and Hassanabdal. The loans required to finance the project have been signed by both the government of Pakistan and the Asian Development Bank (ADB). The Havelian-Hassanabdal (Burhan) Expressway (E-35) project is for a north-south access controlled highway. This new link will connect the existing highway network with north Pakistan and the associated construction contracts are worth some US$200 million in all.
    Read More
  • Investing in East Africa's road sector to boost economic development
    April 14, 2020
    Investments in East Africa’s road sector are helping drive economic development as well as political stability
    Read More
  • Funding found for Paraguay’s planned projects
    December 13, 2013
    The authorities in Paraguay have agreed a funding package with the Latin American Development Bank (CAF) for a series of infrastructure projects in the country. The funding comes in the shape of a US$222 million loan and this is the first time that the CAF has approved funding of this size for the country. This will provide partial funding for the Programme for the Improvement of Integration Corridors and Road Reconstruction. Projects included in this include resurfacing of a 73km section of road in Neembuc
    Read More

Highlighted Content