The World Bank (WB) approved $75 million to support Bangladesh in its project for recovery from the damage caused by Cyclone Sidr and Cyclone Aila.
The WB yesterday in a press release said, the credit is an additional financing for the ongoing Emergency 2007 Cyclone Recovery & Restoration Project (ECRRP).
The financing will focus on restoration of the areas most affected by cyclone Sidr and will target additional upazilas damaged by cyclone Aila, the release added.
WB Bangladesh’s Country Director Ellen Goldstein said, “The World Bank increases its financing to ensure a faster and more complete recovery of cyclone affected areas and to prepare them for future disasters.”
The additional financing will ensure continuation of the restoration of public infrastructure damaged by the cyclones and the development of more resilient agricultural practices in the salinity and cyclone prone southern coastal areas, the release added.
It would be used to rehabilitate additional 80 kilometres of coastal embankments, 100 multipurpose shelters and construct 60 new shelters.
A part of the funding will be used to build a long-term preparedness through strengthened disaster risk management, mentioned the press release.
The WB provided US$109 million emergency support with a grant of US$2.96 million in the aftermath of cyclone Sidr.
