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ADB talks Padma Bridge construction with Dhaka

UNB, Dhaka
Visiting ADB Director General for South Asia Kunio Senga yesterday discussed supports for construction of Padma Bridge, budgetary measures and long-term disaster management programmes with Bangladesh.
Talking to the reporters after a meeting with Finance and Planning Adviser Dr Mirza Azizul Islam, the ADB senior executive also appreciated Bangladesh for smooth progress of ADB-supported projects and said the excellent performance in project implementation resulted in record high loan disbursement of around US$1 billion last year.
The Asian Development Bank (ADB) director general arrived here Sunday night on a 3-day official visit to Bangladesh.
The finance adviser told reporters that the donors have so far pledged to provide $950 million -- ADB $350 million, and JBIC and World Bank $300 million each -- for the construction of Padma Bridge at a cost of $1.6 billion.
He said Bangladesh would have to invest some money in this regard, but it would require some more external assistance. The ADB DG assured that they would try to mobilise more funds in
this regard, he added.
The finance adviser also sought ADB support in Bangladesh's 15-year disaster recovery programme worth $4 billion while the ADB DG apprised him of the development bank's efforts to set up a disaster fund in the bank.
He said the Bank would also participate in the London conference on climate change at the end of May this year, which would focus on Bangladesh.
During his 3-day visit, Kunio Senga is also scheduled to hold discussions with the advisers for Foreign Affairs, Communications, and special assistant to the chief adviser for Power and Energy, and senior government officials.
The discussions would focus on regional cooperation, food security, and power and transport sector developments, said an ADB statement.
Senga will also exchange views with the development partners and other stakeholders on a wide range of development issues.
The Manila-based Asian Development Bank is dedicated to reducing poverty in the Asia and Pacific region through pro-poor sustainable economic growth, social development, and good governance.
Set up in 1966, the Bank is owned by 67 members -- 48 from the region.
In 2007, it approved $10.1 billion of loans, $673 million of grant projects, and technical assistance amounting to $243 million.