Tuesday, 16 August, 2022
E-paper

Japan to provide 165,989m Yen to Bangladesh for 3 projects

Japan to provide 165,989m Yen to Bangladesh for 3 projects

Japan will provide some 165,989 million Yen or approximately Taka 11,409.57 crore to Bangladesh for three projects.

Out of the total amount, Japan will provide 1,65,861 million Yen or approximately Taka 11,400 crore for two investment projects while another 128 million Yen or approximately Taka 9.57 crore as grant against a grant project, reports BSS.

In this regard, "Exchange of Notes" and "Loan Agreements" for two development projects under the 43rd ODA loan package (1st batch) and "Grant Agreement" for one project were signed today between  the governments of Bangladesh and Japan, said a press release.

Outgoing Economic Relations Division (ERD) Secretary Fatima Yasmin signed all the agreements on behalf of Bangladesh while Japanese Ambassador to Dhaka Ito Naoki signed the "Exchange of Notes" while Yuho Hayakawa, Chief Representative, JICA Bangladesh Office, Dhaka signed the "Loan Agreements" and "Grant Agreement" on behalf of Japan. The signing ceremony was held virtually.

Out of the total amount, Japan will provide 1,65,861 million Yen (equivalent to Taka 11,400 crore or $1.4 billion) for the 2nd tranche of Dhaka Mass Rapid Transit Development Project (MRT Line 5, Northern Route) and Southern Chattogram Regional Development Project.