4:42 pm - Thursday January 18, 8474

ADB awards best performing project teams in Bangladesh

The Asian Development Bank (ADB) has awarded four of its best performing project/program teams in Bangladesh as part of its efforts to promote efficient project implementation.

adb1Kazuhiko Higuchi, country director of the ADB Bangladesh Resident Mission, presented the awards for the year 2014 to the winning teams at a ceremony in Dhaka on Sunday, reports Xinhua.

The winning project teams are Sustainable Rural Infrastructure Improvement Project executed by the Local Government Engineering Department, City Region Development Project also executed by the Local Government Engineering Department, and Third Primary Education Development Project executed by the Directorate of Primary Education.

The Second Capital Market Development Program, executed by the bank and the Financial Institutions Division of Bangladesh’s Ministry of Finance, won a special program award for outstanding efforts in 2014.

“The project/program teams were selected for efficiency, results delivery, effective project implementation, efforts to empower women, transparency, and other criteria”, said Higuchi.

The best project team recognition program was initiated in 2001 and has been a regular annual exercise by ADB to promote development effectiveness of ADB-assisted projects in Bangladesh.