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July 25, 2017
IDCOL secures $526m credit from ADB

Infrastructure Development Company Ltd (IDCOL) is set to receive $526 million (Tk 4,252 crore) in loans from the Asian Development Bank - ADB to finance private sector infrastructure projects in the country.

IDCOL has targeted to invest an additional $1 billion by 2020 in the infrastructure sector to boost private sector participation and complement the government's vision to help Bangladesh become a middle income country by 2021.