|
|
Change Your Life! |
Kuwait to give US $40m. for Power |
|
News |
June 13, 2000
Dhaka, June 12 (UNB) – Bangladesh will receive 40 million US dollars as loan from Kuwait Fund for Arab Economic Development (KFAED) for implementing the Greater Chittagong Power Transmission and Distribution Project (Phase II).
An agreement to this effect was signed between the Bangladesh government and KFAED here today.
ERD Joint Secretary Md Sayef Uddin and Deputy Director General of Kuwait Fund Hamad Al-Omar singed the agreement on behalf of their respective sides.
Upon completion of the project, the growing demand for electricity in the port city of Chittagong and its adjoining industrial areas, and Cox’s Bazar town will be met to a great extent.
|