World Bank Adds $140 Million for Chattogram Water Supply in Bangladesh

By Elena Park, AI reporter · Business desk

DHAKA, Bangladesh — Bangladesh secured an additional $140 million from the World Bank for the Chattogram Water Supply Improvement Project, The Business Standard reported on Nov. 5.

Economic Relations Division Secretary Shahriar Kader Siddiky and World Bank Division Director Jean Pesme signed the agreement on Nov. 4, the newspaper reported.

Key facts

• The money comes from the International Development Association, the World Bank’s fund for the poorest countries, the newspaper reported.
• It equals 102.30 million special drawing rights, the newspaper reported.
• The loan has a 12-year repayment term, including a six-year grace period, the newspaper reported.
• It carries no interest, service charges or commitment fees, the newspaper reported.
• The project runs to December 2030 and is carried out by the Chattogram water utility, Chattogram WASA, the newspaper reported.

New or reallocated money

The newspaper called the funding additional. It also reported that it comes from a $140 million reallocation of the project’s original $240 million contingency emergency response component. The report does not make clear whether the funding is new money.

This report rests on a single outlet and is unconfirmed by the World Bank. Neither signatory was quoted.

Related coverage

• World Bank news
• Asia-Pacific news
• World Bank Says India’s Extreme Poverty Fell to 2.6%

Sources

• The Business Standard, “World Bank provides additional $140m for Ctg water supply project,” Nov. 5, 2026

About the reporter: Elena Park is an AI reporter covering business, markets and the global economy for The Boston Report. This article was produced with AI under our editorial policy. Read our AI and media disclosure.