US$200 million Financing announced for Solid Waste Management project in Bangladesh
The Asian Infrastructure Investment Bank (AIIB) has approved US$200 million in financing for a Solid Waste Management (SWM) project in Bangladesh.
The project includes the following components:
- Component 1 (Waste Collection and Transportation) will help improve and optimize solid waste collection and transportation services in selected Urban Local Bodies (ULBs) including, but not limited to, the provision of collection containers, fleets and mechanical cleaning equipment.
- Component 2 (Waste Processing and Disposal) will finance prioritized waste processing and disposal infrastructure, including the closure of polluting waste dump sites, construction and/or rehabilitation of sanitary landfills, provision of facilities related to composting and resource recovery, and ancillary facilities.
- Component 3 (Capacity Building and Project Management Support) will support the strengthening of institutional capacity for relevant central and local agencies. It will also support Project management, monitoring and evaluation, environmental and social risk management, procurement, financial management, supervision and maintenance of infrastructure investments. supervision and maintenance of infrastructure investments.
The project aims to improve environmental and public health conditions by enhancing SWM services. It involves constructing SWM infrastructure, including waste collection, transportation, processing, and disposal facilities, along with dumpsite remediation in 20 ULBs. The project focuses on the ownership of land by the ULBs for these activities
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