The Second Rural Transport Improvement Project (RTIP II), supported by the World Bank, will benefit approximately 22 million people of the country living near roads and waterways that will be rehabilitated and maintained.
The RTIP II is helping to improve the rural roads network in the countryside and it aims to maintain and improve around 5,250 kms of union parishad and upazilla roads in 26 districts, said a World Bank release.
The project is also developing a comprehensive rural roads transport safety framework and is implementing sustainable enhancements to the Local Government Engineering Department’s (LGED) capacities in planning, monitoring, finance, asset management, administration and governance.
The release said a recent review of the implementation status of the project found that progress has been made in all components of the project.
On maintenance and rehabilitation of roads, 91 contracts out of total 116 contracts for the first year program of Rehabilitation and Periodic Maintenance (RPM) have been signed for a total cost of $18 million. The work is in progress on 73 contracts.
The progress related to hiring of consultants for different components is also satisfactory. The preparation of the second program, including selection of the roads, is currently underway in consultation with the World Bank. For the RPM, some 138 contracts have been identified.
The Government of Bangladesh and the World Bank have agreed upon and updated the contract awards projections and disbursement targets for the next 12 to 18 months.
The World Bank is providing US$ 302 million for the project. The financing is in the form of a zero interest credit from the International Development Association (IDA) with 40 years to maturity and a 10-year grace period, including a service charge on disbursed funds of 0.75 percent.