DHAKA: Asian Development Bank (ADB) will provide Bangladesh Tk 724 crore as loan for the development of coastal areas.

The organisation and the Government of Bangladesh Sunday have signed an agreement at National Economic Council (NEC)-2 conference centre for $ 98 million to develop eight coastal municipalities.

Economic Relations Division (ERD) Joint Secretary Saifuddin Ahmed and ADB country director to Dhaka Kazuhiko Higuchi signed the deal from the respective side.

BDST: 1411 HRS, JUN 29, 2014