Japan will offer Bangladesh Tk 128.19 billion in loan on soft conditions for six projects in different sectors. The projects include power, road communications and disaster management.
Published : 29 Jun 2016, 06:47 PM
An agreement to this effect was signed between the Bangladesh government and Japan International Cooperation Agency (JICA) in Dhaka on Wednesday.
Japanese Ambassador Masato Watanabe said at the signing ceremony that it was the largest loan made available to Bangladesh by his country.
Bangladesh will receive the funds under Japan’s 37th loan package at 0.01 percent interest.
The repayment period has been fixed at 40 years.
The funds will be utilised in such projects as the Dhaka Mass Rapid Transit, Jamuna Rail Bridge, Cross-Border Road Network, Matarbarhi Coal Fired Power Plant, Energy Efficiency and Conservation Promotion Financing, and Disaster Risk Management Enhancement.
Economic Relations Division Additional Secretary Kazi Shofiqul Azam and JICA Bangladesh chief Mikio Hataeda signed the agreement.