The KfW Development Bank of Germany will provide 90 million Euro to Bangladesh for implementing the Climate-change adapted drinking water resources management Dhaka (Saidabad Phase III) project, reports BSS.
In this regard, a tripartite Separate Agreement for the project was signed today by the Economic Relations Division (ERD) representing the government, the KfW Development Bank acting on behalf of the German Federal Government, and the Dhaka Water Supply and Sewerage Authority, said a press release. ERD Secretary Monowar Ahmed, Dhaka WASA Managing Director Taqsem A Khan and Anirban Kundu, Director of KfW Dhaka Office signed the agreement on behalf of their respective sides.
Earlier, the loan agreement between ERD and KfW amounting to EUR 90 million was signed between ERD and KfW on October 17 last year. KfW will finance the construction of a raw water intake and pumping station on the Meghna River, construction of raw water transmission pipelines, and extension and upgrade of the primary water distribution network.
The Saidabad Phase III is a Euro 569 million project co-financed by the KfW Development Bank, the Agence Francais du Development (AFD), the European Investment Bank and DANIDA Business Finance. The project aims at securing and sustainably managing drinking water supply for the inhabitants of Dhaka Metropolitan city and its adjacent areas. Water will be sourced from the Meghna River. Dhaka WASA will implement the project.