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ADB, Bangladesh Govt Sign US$160mn Credit Deal to Help Improve Urban Transport System in Greater Dhaka
Source: unbconnect.com
Source Date: Monday, December 17, 2012
Focus: Electronic and Mobile Government, ICT for MDGs, Thematic Website, Knowledge Management in Government, Citizen Engagement
Country: Bangladesh
Created: Dec 17, 2012

Dhaka, Dec 17 (UNB) - The Asian Development Bank (ADB) and the government on Monday signed an agreement for US$160 million in loans to help Bangladesh develop sustainable urban public transport systems in greater Dhaka areas.

The assistance will help develop a sustainable urban transport system in Dhaka North City Corporation and Gazipur City Corporation areas, which form part of north greater Dhaka, by constructing a 20-kilometer bus rapid transit (BRT) route.

It will establish the first modern mass transit system in Bangladesh pursuing a holistic solution for integrated urban mobility.

Saifuddin Ahmed, Joint Secretary, Economic Relations Division (ERD) and Teresa Kho, Country Director of ADB’s Bangladesh Resident Mission, signed the agreement on behalf of Bangladesh and ADB respectively, at a ceremony at ERD, Sher-e-Bangla Nagar, said a press release.

The assistance for the Greater Dhaka Sustainable Urban Transport Project will also support construction of sidewalks, mixed-traffic lanes, high-capacity drainage system, BRT depot and terminal facilities, and 155 access roads for non-motorised transport.
The BRT Airport terminal will be developed as an inter-modal hub under a public–private partnership scheme.

With an inclusive approach, the project will install 1,000 energy-efficient streetlights along the corridor; improve 10 local markets, nine drains, 141 local roads, and two pedestrian-friendly pilot roads, and further improve traffic management. The project will directly benefit more than 1 million people.

The BRT system to be developed under the project in greater Dhaka areas will be integrated with the BRT system from Dhaka airport to city center, proposed to be developed with assistance from the World Bank.

“To ensure a sustainable future for Dhaka, public transport focused on people’s mobility needs and accessibility has to be improved and given priority over simple road projects,” said ADB Country Director Teresa Kho.

“Besides creating efficient urban transportation facilities, the project will reduce an average emission of 40,000 tonnes of carbon dioxide per year by 2020…air pollutants level will also decrease by 20 percent annually against the 2006 baseline,” Teresa Kho added.

The total cost of the project is US$255 million. Agence Française de Développement is expected to co-finance the project with US$45 million, while the Global Environment Facility will provide $4.60 million. The government of Bangladesh is also providing US$45.40 million.
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