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Bangladesh seeks Chinese Fund for Infrastructure Projects

Infra News - Published on Thu, 02 Jul 2020

Image Source: Construction Bangladesh
The Financial Express reported that Bangladesh wants Chinese funds for nine new projects worth USD 6.4 billion. The government sought USD 1.6 billion for the construction of the first phase of the Pyra Sea Port and USD 1.2 billion for the construction of the country's longest bridge to link Barisal with the island district of Bhola. The authorities also sought USD 853 million for the Teesta river comprehensive management and restoration project and USD 805.35 million for the project on the Expansion of Strengthening of Power System Network under DPDC area. The other projects of the list are the establishment of Sheikh Hasina Institute of Information technology and hi-tech park, procurement of oil tankers, upgrades of Barisal-Kuakata highway to four-lane, construction of high-tech rural bridge across the country and the construction of sewerage collection system under Dasherkandi STP catchment of Dhaka city. The proposal was made in line with the discussions held at the first meeting of the Investment Cooperation Working Group held in Dhaka recently

During the Dhaka visit of the Chinese President Xi Jinping, both the countries signed memo for implementing several infrastructure projects worth over USD 25 billion.

Source :

Posted By : Yogender Pancholi on Thu, 02 Jul 2020
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