The World Bank has approved a $47.5 million loan to improve the water, sanitation, and drainage infrastructure in Chittagong, with the aim of helping the about 650,000 inhabitants of the port city gain access to safe and reliable water, according to a UNB report.
The credit, provided by World Bank's International Development Association, has a 38 year term which includes a six year grace period and a 0.75 service charge, the report says.
The loan will help with the construction of the Modunaghat Water Treatment Plan and Patenga Booster Pumping Sation, as well as a major water transmission system from Kalurghat to the Booster Pumping Station in Patenga.
The project is set to be completed in March 2020. Including this newest grant, World Bank support to the project stands at $218.5 million.
This additional financing to the Chittagong Water Supply Improvement and Sanitation Project will help the Chittagong Water Supply and Sewerage Authority (CWasa) continue to build water treatment plants, transmission and distribution networks and improve water distribution infrastructure, as well as aid in the preparation of sanitation and drainage master plans for the city.
World Bank Country Director for Bangladesh Qimiao Fan said: “Only about half of the people in the Chittagong metropolitan area are getting access to safe water. Inadequate sewerage and drainage infrastructure increases the city’s water-logging problems.”
"The World Bank is committed to expanding and improving the supply of safe water, sanitation and drainage services in the city. We aim to help everyone including the marginalized slum dwellers.” he said.
The new financing will help 27,000 homes gain access to reliable water supply by installing 10,000 new piped household connections and rehabilitating 17,000 existing connections.