UNB, Dhaka ;
India and Bangladesh have agreed to ensure faster implementation of four identified projects in the road communication sector of Bangladesh under the Indian $ 2 billion 2nd Line of Credit (LoC) to boost connectivity.
The four projects are procurement of trucks for Bangladesh Road Transport Corporation with LoC value of $ 20.36 million, procurement of double decker and single decker AC and non AC buses for BRTC with LoC value of $ 55.83 m, procurement of equipment and machinery for Roads and Highways with LoC value of $ 59.84 m and Improvement of Ashuganj River Port Sarail-Dharkar-Akhaura Land Port Road as four-lane National Highway with LoC value of $ 283.67 m, said an official at the Economic Relations Division (ERD).
The official preferring anonymity said that the both sides also agreed to form a Joint Monitoring Team (JMT) consisting of stakeholders from both sides, including EPC contractors.
The official said that the latest and 10th bilateral review meeting on Indian LoC between India and Bangladesh was held on November 29 in New Delhi last year.
Joint Secretary of the Ministry of External Affairs Ajit Gupte led the Indian side and Additional Secretary of ERD Abul Mansur Md Faizullah led the Bangladesh side.
The meeting also decided that the Joint Monitoring Team would meet on a quarterly basis in Bangladesh to discuss resolution of issues in a speedy manner and it would focus on delayed projects. The JMT may also undertake site visits.
During the meeting, the both sides expressed satisfaction that a total of 15 projects have so far been identified to be covered under the Indian $2 billion Line of Credit.
So far, some 11 project proposals have been received by India from the government of Bangladesh and out of those nine have already been approved by the government of India.
India and Bangladesh have agreed to ensure faster implementation of four identified projects in the road communication sector of Bangladesh under the Indian $ 2 billion 2nd Line of Credit (LoC) to boost connectivity.
The four projects are procurement of trucks for Bangladesh Road Transport Corporation with LoC value of $ 20.36 million, procurement of double decker and single decker AC and non AC buses for BRTC with LoC value of $ 55.83 m, procurement of equipment and machinery for Roads and Highways with LoC value of $ 59.84 m and Improvement of Ashuganj River Port Sarail-Dharkar-Akhaura Land Port Road as four-lane National Highway with LoC value of $ 283.67 m, said an official at the Economic Relations Division (ERD).
The official preferring anonymity said that the both sides also agreed to form a Joint Monitoring Team (JMT) consisting of stakeholders from both sides, including EPC contractors.
The official said that the latest and 10th bilateral review meeting on Indian LoC between India and Bangladesh was held on November 29 in New Delhi last year.
Joint Secretary of the Ministry of External Affairs Ajit Gupte led the Indian side and Additional Secretary of ERD Abul Mansur Md Faizullah led the Bangladesh side.
The meeting also decided that the Joint Monitoring Team would meet on a quarterly basis in Bangladesh to discuss resolution of issues in a speedy manner and it would focus on delayed projects. The JMT may also undertake site visits.
During the meeting, the both sides expressed satisfaction that a total of 15 projects have so far been identified to be covered under the Indian $2 billion Line of Credit.
So far, some 11 project proposals have been received by India from the government of Bangladesh and out of those nine have already been approved by the government of India.
