KUWAIT CITY, June 26: During the 2024 regular meeting of the heads of institutions of the Arab Funds Coordination Group, the Kuwait Fund for Arab Economic Development signed a loan agreement worth 6.5 million Kuwaiti dinars to finance the Chinguri bridge project in Bangladesh, reports Al-Seyassah daily. Representing the Government of Bangladesh, Assistant Undersecretary for Economic Relations of the Ministry of Finance, Mirana Marukh, signed the agreement, while Acting Director General Waleed Al-Bahar signed on behalf of KFAED, reports Al-Seyassah daily.

The Chinguri Bridge Project aims to bolster economic and social development in southwest Bangladesh by enhancing passenger and goods transport infrastructure. It will also strengthen the country’s road network by connecting southwestern regions with the capital, Dhaka. This initiative aligns with sustainable development goals, including poverty eradication, economic growth, industry, innovation, infrastructure development, and the promotion of sustainable cities and communities.