ADB Loans $230 Million To Bangladesh

Manila, Philippines (AHN) - The Asian Development Bank (ADB) has authorized loans amounting to 230 million dollars for a natural gas pipeline project in Bangladesh.It will be borrowed at prevailing market rates and a five million-dollar soft loan.

Economist Piya Abeygunawardena, "Through this project, the western part of Bangladesh will have the opportunity for the first time to receive natural gas on a large scale, which will help boost its economic development and alleviate regional disparities in the long run."

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