Under the agreement, the fund will be extended as long term loan to the private sector-led infrastructure projects endorsed by relevant government agencies, a Bangladesh Bank statement said.
The eligible sectors for financing under IPFF-II Project are: power generation, transmission, distribution, renewable energy and services, port development, industrial and solid waste management, highways and expressways, airport terminals and related aviation facilities, water supply and distribution, sewerage and drainage, industrial estates, economic zones, eco parks, theme parks and park development, social sector, including infrastructure in health and education, and information and communication technology.
Ahmed Jamal, Deputy Governor of Bangladesh Bank and Project Director of IPFF-II Project, was present at the contract signing ceremony while Rathin Kumar Paul, Deputy General Manager of Bangladesh Bank & Deputy Project Director of IPFF II Project, chaired the function at Bangladesh Bank conference room.
AKM Abdullah, Senior Financial Sector Specialist of the World Bank, senior officials of Bangladesh Bank and chief executive officers as well as senior officials of the three banks were present.