Dhaka to receive Tk 21.35cr loan from Sweden

Bangladesh is to receive 35 million Swedish kroner equivalent to Tk 21.35 crore as additional loans from Sweden, says UNB.

An agreement to this effect was signed between the two governments in Dhaka yesterday, said an official handout.

ERD Secretary Dr Mashiur Rahman and Swedish Ambassador to Bangladesh Anders Johnson signed the agreement on behalf of their respective sides.

This is in addition to Sweden's earlier contribution of 40 million Swedish kroner as loan in financing of infrastructure development within the "Rural Employment Sector Programme-3" under Local Government Division, the handout added.

The main objectives of the project are to improve the road standard of feeder-roads type 'B' and construct and improve bridges in the districts of Gopalganj, Faridpur, Madaripur, Rajbari and Shariatpur.

The implementation of the project will contribute to an improve rural transport network, increased agricultural production, expanded trade and commerce, better rural transport system, thereby creating direct and indirect short and long term employment opportunities in the region.