Project Notice
|
| PNR |
70547 |
| Project Name |
City Bank Sustainable Infrastructure Project |
| Project Detail |
Infrastructure has been recognized by the Government of Bangladesh as critical to addressing the constraints in promoting private sector-led economic growth, and dealing with climate change. The proposed loan to City Bank PLC will support private sector participation in infrastructure development in the country. NDB will provide a loan to City Bank PLC for on-lending to sub-borrowers for financing investments in infrastructure projects in clean energy and energy efficiency, digital infrastructure and e-mobility sectors. Established in 1983, City Bank PLC is one of the largest and oldest private commercial banks in the People’s Republic of Bangladesh. It is listed both on the Dhaka Stock Exchange and the Chittagong Stock Exchange. To promote sustainable infrastructure projects in Bangladesh by providing mid to long term financing to the private sector, thereby fostering sustainable economic growth. The Project will also support climate change mitigation measures in the country. |
| Funded By |
New Development Bank (NDB) or NDB BRICS |
| Sector |
Infrastructure and construction |
| Country |
Bangladesh , Southern Asia |
| Project Value |
BDT 25,000,000
|
