MNA Business Desk: The Asian Infrastructure Investment Bank (AIIB) plans to invest $270 million in a clean water infrastructure project. The project aims to improve access to piped water and sanitation to municipalities with poor water quality.
The announcement was made on September 3 when members of the AIIB’s Board of Directors visited Savar to meet the beneficiaries of an ongoing energy infrastructure project.
“We are delighted that our investment has had a positive impact on the low income population of Bangladesh,” said AIIB Director Emil Levendoḡlu, reports news agency.
“We are considering investing in a clean water and sanitation project… We hope the investment for that project will be approximately $270 million,” the AIIB director said.
The AIIB has already invested up to $274 million in energy projects in Bangladesh.