MANILA, June 28 (Xinhua) -- The Asian Development Bank (ADB) approved a 13-million-U.S.-dollar financing package to help Bhutan strengthen resilient urban infrastructure and expand affordable rental housing for low-income and vulnerable households.
The package comprises a 5-million-dollar concessional loan and an 8-million-dollar grant, the bank said in a statement on Saturday.
Bhutan's rapid urbanization has outpaced infrastructure development, leaving economically disadvantaged households vulnerable to flooding, landslides and substandard housing, said the Bank.
The ADB said the project is expected to provide rental housing units for vulnerable households and improve urban infrastructure such as drainage, water supply and roads. ■