ADB agrees to finance Korail slum project

The Asian Development Bank (ADB) has agreed in principle to provide financial assistance for the comprehensive development of Korail slum in Dhaka, said a press release from the Local Government, Rural Development and Cooperatives (LGRDC). 

It also said that the commitment was made by an ADB delegation at a bilateral meeting held at the Local Government Engineering Department in the capital on Tuesday. 

The meeting was chaired by Mir Shahe Alam, State Minister for the LGRDC. A high-level ADB delegation, including its director for water resources and urban development in South Asia, attended the meeting.

The meeting discussed in detail the proposed development plan for Korail slum as well as the progress of various ongoing development projects being implemented with ADB financing.

Both sides agreed to ensure that the ongoing projects are completed quickly, within the stipulated timeframe and while maintaining quality standards.

At the meeting, Alam assured the ADB delegation that the government would provide all necessary support to expedite the implementation of projects funded by the development partner.

Secretary of the Local Government Division Md Shahidul Hasan, Chief Engineer of the Local Government Engineering Department Md Belal Hossain, and other senior officials were also present.