Bangladesh signs deal for 2.5 billion dollar Japanese assistance
May 30th, 2019 at 3:01 am
Bangladesh signs deal for 2.5 billion dollar Japanese assistance

Dhaka – Dhaka has inked a deal with Tokyo for Japanese official development assistance involving 2.5 billion dollars for implementing four projects in Bangladesh, officials said on Wednesday.

The 40th Official Development Assistance deal between the two countries is expected to strengthen the ties between Bangladesh and Japan.

Economic Relations Division (ERD) Secretary Monowar Ahmed and Japanese Ambassador to Bangladesh Hiroyasu Izumi signed the ODA deal on behalf of their respective sides in Tokyo, according to state-run Bangladesh Sangbad Sangstha news agency.

Shinzo Abe

Prime Minister Sheikh Hasina and her Japanese counterpart Shinzo Abe witnessed the signing at the Japanese premier’s office following their bilateral talks.

Four projects, taken under the 40th ODA package deal, are Matarbari Port Development Project, Dhaka Mass Rapid Transit Development Project (Line 1), Foreign Direct Investment Promotion Project and Energy Efficiency and Conservation Promotion Financing Project (Phase 2).

Besides, a note on collaboration between Bangladesh and JICA was exchanged at the function.

Prime Minister Hasina, who is now on a four-day official visit to Japan, thanked the Japanese Prime Minister for the package of loan.

Prime Minister Sheikh Hasina along with her Japanese counterpart inspect a guard in Japan as she was given the honour after the arrival at the Japanese Prime Minister’s Office – PID

She said she discussed with Abe the entire gamut of bilateral relations and agreed on several new ideas to enhance and strengthen the level of cooperation between the two countries.

“We’ve agreed to explore all possible areas where our two countries can find mutually beneficial outcomes,” she said.

Hasina said their discussion was greatly focused on enhancing regional connectivity to harness the full potentials of the countries and improving physical infrastructure would be a critical factor to establish effective connectivity.

Prime Minister Abe has assured Japan’s continued assistance to Bangladesh to realize that target, she added.

They also decided to strengthen mutual cooperation in international platforms to fight terrorism and violent extremism, Hasina said.