The authorities of Japan will present an quantity of 39,902 million Eastern Yen (approximately $248.88 million) to Bangladesh for Jamuna rail bridge construction and Chattogram sewerage device pattern.
To this cease, the two governments signed an Alternate of Notes and Loan settlement at the Financial Members of the family Division (ERD), Sher-E-Bangla Nagar, Dhaka this day (25 November).
The funding will toughen the two aforesaid initiatives under the forty fifth Eastern ODA mortgage Package (1st batch), in step with an ERD press liberate.
ERD secretary Md Shahriar Kader Siddiky, Japan Ambassador to Bangladesh IWAMA Kiminori, and JICA Dhaka workplace Chief Consultant ICHIGUCHI Tomohide signed the agreements on behalf of respective aspects.
Under the settlement, Japan will present 38,206 million Eastern Yen (approximately $237.68 million or Tk2,946.73 crore) for the Jamuna Railway Bridge Construction Mission under the third tranche of funding.
The project entails establishing a dedicated railway bridge over the Jamuna River to enhance connectivity and transportation infrastructure in Bangladesh.
Total price of the ongoing project is Tk16,780.96 crore. Of these, the Bangladesh authorities will present Tk4,631.76 crore while Jica TK12,149.20 crore. The implementation length is July 2016 – December 2025.
Japan has already provided 128,697 million Eastern Yen for this project. The mortgage for this project comes with favorable phrases. The hobby rate is 1.70% for construction work and zero.40% for consultancy companies and products.
Additionally, there is a one-time front-cease rate of 0.2%. The compensation length is unfold over 30 years, including a 10-year grace length, the liberate added.
ERD said Japan will present 1,696 million Eastern Yen (approximately $11.20 million or Tk130.80 crore) for the Chattogram Sewerage Draw Pattern Mission (Engineering Carrier).
The project objectives to promote an acceptable sewerage device in Chattogram city, by increasing sewerage companies and products comparable to sewage therapy plant, pumping living, and pipelines etc, thereby contributing to enhance living and sanitary prerequisites and preserve aquatic atmosphere.
The total price of the project is Tk5,152.56 crore. Of these, the Govt of Bangladesh will present Tk581.57 crore while Jica Tk4,144.28 crore and Chattogram Wasa Tk39.00 crore. The implementation length is January 2025 – December 2032.
The mortgage comes with very favorable phrases, including a low-hobby rate of 0.20%. There would possibly per chance be a one-time rate of 0.2%, and the compensation length is 30 years, with the first 10 years requiring no funds.
Based mostly mostly on an ERD press liberate, Japan remains the largest bilateral pattern partner for Bangladesh, with ODA commitments totaling $32.37 billion since Bangladesh’s independence.
