July 21, Dhaka, Bangladesh (Tazakhobor.com): India and Bangladesh have finalized 14 development projects, particularly for infrastructure building, including those that will enhance connectivity between the two countries, which will be implemented with an Indian loan of $1 billion.

The Bangladesh government is going to ink a deal with India's Exim Bank that New Delhi will route the credit line through. It is expected that Exim Bank is going to sign an agreement with Bangladesh government within a month for utilization of the credit line.
Indian Prime Minister Manmohan Singh had announced the credit line during Prime Minister Sheikh Hasina's visit to New Delhi from January 10 to 13 this year.
Bangladesh side submitted 29 projects to India for utilizing the one-billion-dollar loan. However, the two sides at a recent meeting held in New Delhi reviewed the 29 projects and finalized 14 for implementation and most of the projects are for development of railway infrastructure in Bangladesh.
Officials say the projects have been sent to the planning ministry for final approval. After the ministry's clearance, the finance ministries of the two countries will sign a loan agreement to utilize the loan.
These projects include:
- Procurement of six high-powered dredgers for $71.7 million. One of the dredgers will be used for dredging at Mongla Port, three for Bangladesh Inland Water Transport Authority and two for Bangladesh Water Development Board.
-- The second project is related to construction of an internal container port at Ashuganj at a cost of $36.2 million. Bangladesh and India have signed an agreement under which Ashuganj in Bangladesh and Silghat in India have been declared ports of call..
-- Sarail-Brahmanbaria-Sultanpur-Akhaura-Sonardi road will be constructed at a cost of $33 million.
-- Construction of road between Ramgarh and Sabroom [Tripura's southern border town] at a cost of $14.5 million for better connectivity between Bangladesh and India.
-- India will construct a railway bridge on river Titas costing $120 million.
-- 10 locomotive engines will be available to Bangladesh Railway at a cost of $35.5 million. Dhaka will also purchase 125 broad gauge passenger coaches for $53.6 million.
-- Dhaka will buy 300 double-decker buses for $30 million
-- 50 luxury buses costing $6 million from India.
-- A power gridline will be set up for $158 million; a 400 KV inter-connector will be set up from Bahrampur in India to Bheramara in Bangladesh.
-- Buying 60 tank wagons at $8.85 million for Bangladesh Railway.
-- Buying 50 flat wagons at $4.55 million for Bangladesh Railway.
-- Construction of an overpass at Jurain rail crossing and a flyover at Malibagh rail crossing in Dhaka with the cost of $31 million.


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Source:  Bdbangla-Report
Ker Words: commercial loan, Indian $1 Billion Loan, Bangladesh Project for India, infrastructure building loan, Loan for transit, development projects for transit, infrastructure to give transit