Economic Reporter :
The Asian Development Bank (ADB) will provide $200 million to modernise Bangladesh Railway (BR) to increase its passengers and goods transport capacities. The development partner is providing the loan under the ‘Railway Rolling Stock Project’.
A loan agreement on the funding will be signed between the government and the ADB on September 28. ADB’s Country Director and Residence Mission Chief Kazuhiko Higuchi and Senior Secretary of Economic Relations Division (ERD) Mohammad Mejbahuddin will sign the agreement on behalf of their respective sides.
According to the project document, the funding will help improve railways transport capacity on key routes such as the Dhaka-Chittagong and Dhaka-Khulna mainline by supporting the capacity building initiatives of the BR.
The Asian Development Bank (ADB) will provide $200 million to modernise Bangladesh Railway (BR) to increase its passengers and goods transport capacities. The development partner is providing the loan under the ‘Railway Rolling Stock Project’.
A loan agreement on the funding will be signed between the government and the ADB on September 28. ADB’s Country Director and Residence Mission Chief Kazuhiko Higuchi and Senior Secretary of Economic Relations Division (ERD) Mohammad Mejbahuddin will sign the agreement on behalf of their respective sides.
According to the project document, the funding will help improve railways transport capacity on key routes such as the Dhaka-Chittagong and Dhaka-Khulna mainline by supporting the capacity building initiatives of the BR.
