Skip to main content
NTv Online

Business

Business
  • Budget
  • Economy
  • Industry
  • Markets
  • More
  • Service
  • Tech
  • Bangla Version
  • Archive
  • Bangladesh
  • World
  • Sports
  • Entertainment
  • Business
  • Comment
  • Education
  • Life
  • Health
  • Art & Culture
  • Election
  • বাংলা
  • Bangladesh
  • World
  • Sports
  • Entertainment
  • Business
  • Comment
  • Education
  • Life
  • Health
  • Art & Culture
  • Election
  • বাংলা
  • Bangla Version
  • Archive
Follow
  • Business
UNB
06 October, 2015, 15:28
Update: 06 October, 2015, 15:28
More News
Upay offers lowest cash out charge at ATM
Grameenphone’s profit making graph is high
Bangladesh fastest-growing economy in S Asia after Bhutan: WB
Businesspeople no longer against VAT law implementation: Kamal
Govt sets higher revenue collection goal for next FY

ADB providing $ 45mn to expand water resource project

UNB
06 October, 2015, 15:28
Update: 06 October, 2015, 15:28

Dhaka: The Asian Development Bank (ADB) is providing fresh assistance of $ 45 million to expand a water resource project in Bangladesh’s southwest region where agriculture production has seen a sharp rise benefiting over 191,000 people, including landless farmers and women.

ADB is providing a $45 million loan and the government of the Netherlands is expected to provide a grant of $7 million, to be administered by the ADB, to widen the scope of the Southwest Area Integrated Water Resource Planning and Management Project, said a press release.

ADB provided $20 million, while the government of the Netherlands $12.5 million for the original project, which was approved in 2005 and has renovated dilapidated infrastructures and established water management organisations with a wide community participation.

‘We’ve seen considerable benefits in the project pilot areas of Narail and Chenchuri Beel already, with rice production nearly doubling and fish production rising 30 percent,’ said Natsuko Totsuka, Senior Resources Specialist in ADB’s South Asia Department.

‘This new financing will allow us to replicate the success of the project across nine nearby areas, covering 84,000 hectares, and with a population of nearly 470,000,’ he added.

In each of the new subproject areas, support will be given to enroll farmers into water management organisations to help them to better operate and maintain the water infrastructure, and develop integrated water management plans.

Sustainable water resource management is crucial for economic livelihoods and poverty reduction in Bangladesh, where more than 80 percent of poor people live in rural areas and depend on agriculture or fisheries for their livelihoods.

The expanded project is expected to be completed in June 2022. 

Most Read
  1. Rely on your refrigerator even during power outage
  2. ‘SpaceMax’ with Samsung Side-by-Side refrigerators
  3. Samsung’s TV Lineup to uplift entertainment and sports experience
  4. The season for TV entertainment is back
  5. Samsung launched exclusive campaign titled “Big TV Days”
  6. Succession replacement required to achieve organizational goal
Most Read
  1. Rely on your refrigerator even during power outage
  2. ‘SpaceMax’ with Samsung Side-by-Side refrigerators
  3. Samsung’s TV Lineup to uplift entertainment and sports experience
  4. The season for TV entertainment is back
  5. Samsung launched exclusive campaign titled “Big TV Days”
  6. Succession replacement required to achieve organizational goal

Follow Us

Alhaj Mohammad Mosaddak Ali

Chairman & Managing Director

NTV Online, BSEC Building (Level-8), 102 Kazi Nazrul Islam Avenue, Karwan Bazar, Dhaka-1215 Telephone: +880255012281 up to 5, Fax: +880255012286 up to 7

Browse by Category

  • About NTV
  • NTV Programmes
  • Advertisement
  • Web Mail
  • NTV FTV
  • Satellite Downlink
  • Europe Subscription
  • USA Subscription
  • Privacy Policy
  • Terms & Conditions
  • Contact

Our Newsletter

To stay on top of the ever-changing world of business, subscribe now to our newsletters.

* We hate spam as much as you do

Alhaj Mohammad Mosaddak Ali

Chairman & Managing Director

NTV Online, BSEC Building (Level-8), 102 Kazi Nazrul Islam Avenue, Karwan Bazar, Dhaka-1215 Telephone: +880255012281 up to 5, Fax: +880255012286 up to 7

Reproduction of any content, news or article published on this website is strictly prohibited. All rights reserved