clean water

AIIB to invest $270m in clean water project

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.

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