The Bangladesh government on Thursday signed a deal with the Asian Development Bank for a $100 million additional loan for a scheme to develop infrastructures suppored by the private sector.
Economic Relations Division (ERD) Secretary Md Shahriar Kader Siddiky and ADB Country Director Hoe Yun Jeong signed the agreement on behalf of their respective sides at an event at ERD.
The additional financing is expected to strengthen the “Bangladesh Infrastructure Finance Fund Limited Project” being implemented by the Bangladesh Infrastructure Finance Fund Limited (BIFFL).
The project aims to catalyze commercial financing for public-private partnership (PPP) projects in infrastructure development.
It will be implemented from 2024 to 2029 will be executed by the finance division. The BIFFL is the implementing agency.
ADB’s Ordinary Capital Resources (OCR) loan is repayable in 25 years with a five-year grace period. Interest rate of the OCR loan is SOFR+0.50 percent + maturity premium 0.10 percent and commitment charge 0.15 percent commitment change.
