The Asian Development Bank (ADB) loan for the Flood and Riverbank Erosion Risk Management Investment Program (FRERMIP) Project-1 was signed on 14 August 2014, and the contract with the main consultant (ISPMC) was signed on 8 September 2015. FRERMIP is being executed by the Bangladesh Water Developement Board (BWDB). Project-1 is the first of three projects to be implemented over a period of around ten years. Project-1 will provide structural and non-structural flood and riverbank erosion risk management measures in three high priority subproject areas until June 2020. Subsequent projects will extend the protected reaches using designs adjusted to current riverbank erosion conditions and considering the possibilities to reclaim lost floodplain land.
FRERMIP will provide a more secure and improved livelihood for people living along the main rivers of Bangladesh. The outcome of the program will be reduced flood and riverbank erosion risks in the subproject reaches.