DHAKA: Kuwait Fund of Arab Economic Development (KFAED) will provide Bangladesh a grant of $28mn for the upgradation of two roads in Chittagong.
Engineering adviser of KFAED S Y Al Hadidi and deputy secretary of the Economic Relations Division Md Jahangir Alam signed a deal recently on behalf of their respective sides.
Under the agreement, a big chunk of funds will be spent for upgrading the 5km approach road from Bahaddarhat to Karnaphuli Bridge into a six-lane one while the rest will be used for upgrading the 3km road from Moijjartek to Wai Junction into four-lane road.
Besides, the two roads will also be widened.
Source: Gulf Times
BDST: 0950 HRS, JUN 14, 2012
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