Friday, 3 December, 2021

Govt inks $ 1126m loan agreement with China

Govt inks $ 1126m loan agreement with China

DHAKA, Oct 28: The Government of Bangladesh and the Exim Bank of China signed a loan agreement of $1126.99 million loan on Tuesday to implement the "Construction of Dhaka-Ashulia Elevated Expressway" project.

Additional Secretary of Economic Relations Division Shahriar Kader Siddiky and Deputy General Manager of Exim Bank of China Zhang Tianqin signed the agreement on behalf of their respective sides, said a press release.

The main objective of the project is to minimize the traffic congestion in and around Dhaka-Ashulia areas.

This project will be connected to the Dhaka Elevated Expressway and is located within the alignment of the Asian Highway.

If this project is implemented, the traffic congestion in the Abdullahpur- Ashulia-Bypail-Chandra corridor connecting Dhaka with 30 districts will be greatly reduced.