Bangladesh: Japan to provide $1.4bn loan for subway in Dhaka

DHAKA, 29 June 2022, (TON): The Japanese government is providing a loan of Tk11,400 crore ($ 1.4 billion) to Bangladesh for the construction of a subway in Dhaka.

The two sides signed the loan agreement.

Fatima Yasmin, secretary, Economic Relations Division, and Ito Naoki, ambassador of Japan, signed the agreement on behalf of their respective sides.

The total cost of the Metrorail Line-5 project is Tk41,238 crore. Under the project, a 13.50-km underground metro rail and a 6.50-km fly metro rail will be constructed.

The new metro rail, 14 km, will be the subway of the 20-km line from Gabtali to Bhatara.

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