ADB to provide $505m for improving railwa

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BSS, Dhaka :The Asian Development Bank (ADB) is signing tomorrow (Sunday) a $505 million loan deal with the government for financing the “South Asia Subregional Economic Cooperation (SASEC) Connectivity: Akhaura-Laksam Double Track” project.ADB country director Kazuhiko Higuchi and Senior Secretary of the Economic Relations Division (ERD) Mohammad Mejbahuddin will sign the agreement at the NEC-2 conference room at the Sher-e-Bangla Nagar in the capital city.Under the project, Bangladesh Railway will upgrade the 72-kilometer Akhaura-Laksam section of the Dhaka-Chittagong railway corridor to a double track railway line with modern signaling equipment.

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