WB agrees to finance for dev of metro rail
Diplomatic Correspondent: The World Bank has agreed to provide fund for developing the metro rail-centric communication system, constructing walkways beside canals and procurement of electronic buses.
It will provide support under the Integrated Corridors Management (ICM) project to turn every metro rail station from Mirpur-12 to Banglamotor integrated communication center, said a press release.
Dhaka North City Corporation(DNCC) Mayor Md. Atiqul Islam discussed the matter with the Vice President for Infrastructure at the World Bank Guangzhe Chen at World Bank headquarters on Monday, said an official release.
Chief Engineer of DNCC Brigadier General Mohammad Amirul Islam, also a member of the delegation, said, “Though the roads under metro rail have been developed, there is no good system for coming and going through the connecting roads from the metro rail stations. But, metro stations in developed countries have integrated corridor management for the movement of passengers.”
“The World Bank has agreed to provide financial support for this project. If everything goes well, the issue of financial cooperation is expected to be approved by the World Bank’s board next November,” Amirul Islam said.
The Bank is interested to provide about 150 million US dollars, he added. A team led by Mayor Md. Atiqul Islam went to Washington DC on the occasion of the World Bank’s 20th Conference on Transforming Transportation-2023 in Washington DC, USA.
Arranging loan to increase liquidity in capital market
Mahfuz Emran: Institutional investors will be given loans from the Capital Market Stabiliz…