DHAKA, May 21, 2025 (BSS) - A financing loan agreement for "Construction of 
Five Climate Resilient Bridges in Mymensingh Division, Bangladesh" amounting 
to US$241.30 million was signed today during the Islamic Development Bank 
(IsDB) Group annual meeting held at Algiers, Algeria.

The agreement was signed between the Government of Bangladesh (GoB) and the 
Islamic Development Bank (IsDB). 

Md Shahriar Kader Siddiky, secretary of Economic Relations Division, Ministry 
of Finance and Dr. Rami Ahmad, vice-president of IsDB, signed the loan 
agreement on behalf of their respective sides.

During the signing, Alternate Governor of Bangladesh to IsDB Mohammad Hasan 
Arif, Charge de Affairs of Bangladesh Embassy in Algiers Rashed Ahmed and Dr. 
Muhammad Sulaiman Al Jasser, chairman of IsDB, were present, said an ERD 
press release here.

The above-mentioned project will be implemented by the Roads and Highways 
Department under the Road Transport and Highways Division. The project will 
ensure the socioeconomic development of marginalized communities by improving 
communication on the Sunamganj-Jamalpur border road and Shyamganj-Durgapur 
border road in remote areas of Mymensingh Division through the construction 
of five climate-resilient bridges.
 
The implementation of the project will enable people living in the relevant 
areas to cope with climate change impacts, improve transportation facilities, 
road safety, expand education, create economic opportunities, and reduce 
poverty and social inequality.

The release said the IsDB is one of the trusted multilateral development 
partners of Bangladesh and has been providing continuous support for the 
socioeconomic development of Bangladesh since its inception, in the forms of 
grants, project loans, trade financing, private sector financing, export 
credit guarantees etc.