Korea to provide $21m for digital Bangladesh

Diplomatic Correspondent

8 February, 2021 12:00 AM printer

The Government of Korea through Korea International Cooperation Agency (KOICA) will contribute $21 million to support in entrepreneurship development, intelligent transport systems and safer cyberspace for digital Bangladesh.

KOICA joined hands with Economic Relations Division (ERD) of Ministry of Finance signed three grant agreements on Thursday marking KOICA’s 30th anniversary.

The first deal was signed between KOICA and ERD for project titled ‘Capacity Building of Universities in Bangladesh to Promote Youth                 Entrepreneurship’, which will be implemented by the University of Dhaka with a budget of $7.5 million over five years with the objective to support improving the quality of entrepreneurship education in Bangladesh.                 

The second agreement was signed among KOICA, Roads & Highways Department (RHD), Roads Transport and Highways Division, and ERD for project titled ‘Improving the Reliability and Safety on National Highway Corridors of Bangladesh by Introduction of Intelligent Transport Systems (ITS)’ with a budget of $8.9 million over four years.

The objective of the project is to make road transport infrastructure of Bangladesh more safe, reliable, and sustainable; use ICT for better, efficient and effective traffic management; and enhance the institutional capacity of RHD for road and traffic management.

The third agreement was signed among KOICA, Bangladesh Police, CID, Public Security Division, Ministry of Home Affairs (MoHA) and ERD for project titled ‘Enhancing Cyber Crime Investigation Capability of Bangladesh’ with a budget $4.8 million.

The four years project is aimed to strengthen the digital investigation capabilities of criminal investigation department of Bangladesh Police to combat emerging cybercrime and enhance evidence-based policing.

KOICA Bangladesh Country Director Young-Ah Doh said that KOICA is proud to continue its long-standing relationship with Bangladesh.

“I believe that through dedication and hard work, the people of Bangladesh will be able to touch the apex of development in every sector,” she added.

ERD Joint Secretary Md Shahriar Kader Siddiky, Joint Secretary Md Shahriar Kader Siddiky and Joint Secretary (Asia) Mirana Mahrukh, KOICA Bangladesh Deputy Country Director Taehyun Kim, among others, were present on the occasion.

Along with this new pledge, KOICA is currently implementing over 20 development projects in the following priority sectors under its Country Plan with $20 million grants per annum are: ICT (innovation), Education (TVET), and Public Health. In the ICT sector, KOICA is supporting ICT Division for developing e-Government Master Plan in achieving Digital Bangladesh along with launching the digital municipality service system for digital Bangladesh.