AIIB approves $200 million loan to improve electricity access in Bangladesh

The AIIB has agreed to provide a loan of $200 million to Bangladesh for the expansion of its power supply network in the capital city of Dhaka and in the country’s western zone. The loan will support the Dhaka and Western Zone Transmission Grid Expansion Project. The sub-projects will be located in the Kaliganj, Kushtia, Maheshpur and Meherpur areas, and will enhance regional integration by extending connectivity into western Bangladesh via the existing 230 kV Ishward-Khulna power line. The project is scheduled to be completed by 2025.