Chattogram:Dhaka An additional Financing Agreement has been signed between Bangladesh and the International Development Association (IDA) of the World Bank Group, securing $140 million to implement the "Chattogram Water Supply Improvement Project (CWSIP)."
According to Bangladesh Sangbad Sangstha, the project, which began in 2025, is scheduled to continue until December 2030 with support from the World Bank. The additional financing will also extend until the end of 2030.
The agreement was signed by Md. Shahriar Kader Siddiky, Secretary of the Economic Relations Division, Ministry of Finance, and Jean Pesme, Division Director of the World Bank for Bangladesh and Bhutan. The project is being executed by the Chattogram Water Supply and Sewerage Authority (Chattogram WASA) under the Local Government Division, Ministry of Local Government, Rural Development, and Cooperatives.
The primary objective is to enhance access to safe, reliable, and climate-resilient water supply and improved sanitation in Chattogram, while also aiming to improve the performance and financial sustainability of Chattogram WASA.
The original project allocation was $240 million, with $140 million initially repurposed for the Contingency Emergency Response Component (CERP). The additional $140 million financing from the Scale-up Window-Shorter Maturity Loan (SUW-SML) of IDA comes with a 12-year repayment period, including a six-year grace period, without any service charge, commitment fee, or interest on the withdrawn amount.
The World Bank, as Bangladesh's largest multilateral development partner, continues to support various sectors, including economic and social development, institutional reforms, infrastructure development, and energy sector advancement, reflecting the strong cooperation between Bangladesh and the World Bank.