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$300m loan deal for Chittagong-Cox's Bazar railway June 21

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Economic Reporter :
The government is set to sign two separate loan agreements on June 21 for construction of Chittagong-Cox's Bazar Railway Line.
"A total of two contracts would be signed between Bangladesh government and the Asian Development Bank (ADB) worth of US$ 300 million at Sher-e-Bangla Nagar for Chittagong-Cox's Bazar Railway Project, Phase-1-Tranche-1under South Asia Sub-regional Economic Cooperation (SASEC)," an official of Economic Relations Division (ERD) told on Saturday.
He said acting secretary of Economic Relations Division (ERD) Kazi Shafiqul Azam and country director of ADB Kazuhiko Higuchi would sign the deal on behalf of their respective sides.
The objective of the project is to construct the Single Line Dual Gauge (DG) Railway Track from Chittagong to Cox's Bazar via Ramu to Gundum in Myanmar, the official said.

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