DHAKA: Asian Development Bank (ADB) will give a loan of Tk 240-crore to Bangladesh for developing its rail and road transport sectors with the view to connect the country with Trans-Asian Railway Link and Asian Highway.

The organization is providing the loan under Additional Financing to the Sub-Regional Transport Project Preparatory Facility project.

The contract signing ceremony was held at National Economic Council (NEC) in city’s Sher-e-Bangla Nagar area on Monday.

Bangladesh Economic Relations Division (ERD) senior secretary Mohammad Mejbahuddin, and ADB country director Kazuhiko Higuchi signed the accord on behalf of respective sides.

BDST: 1854 HRS, OCT 26, 2015
BD/SR/RR