Japan provides $1.27b to develop Matarbari port, highway and train line

Japan will provide $1.27 billion for the tranche of the Matarbari Port Development Project, Chattogram-Cox's Bazar highway improvement project, and for the construction of a dual gauge double line (railway) between Joydebpur-Ishwardi sections.

In this regard, loan agreements for the projects were signed between Bangladesh and Japan at the Economic Relations Division (ERD), reports UNB.

Sharifa Khan, Secretary, ERD, and IWAMA Kiminori, the Ambassador of Japan in Bangladesh signed the 'Exchange of Notes' agreement on behalf respective sides.

ICHIGUCHI Tomohide, Chief Representative, JICA Bangladesh Office, Dhaka signed the 'Loan Agreements on behalf of Japan. The signing ceremony was held at the NEC-2 Conference Room of ERD, Sher-E-Bangla Nagar on Wednesday.