Govt inks $ 1126m loan agreement with China

Published : 28 Oct 2021 09:32 PM | Updated : 30 Oct 2021 10:40 AM

The Government of Bangladesh and the Exim Bank of China signed a loan agreement of $1126.99 million loan on Tuesday to  implement the "Construction of Dhaka-Ashulia Elevated Express­way" project.

Additional Secretary of Economic Rela­tions Division Shahriar Kader  Siddiky and Deputy General Manager of Exim Bank of China Zhang Tianqin signed  the agreement on behalf of their respective sides, said a press release.

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The main objective of the project is to minimize the traffic congestion  in and around Dhaka-Ashulia areas. 

This project will be connected to the Dhaka Elevated Expressway and is  located within the alignment of the Asian Highway.

If this project is implemented, the traffic congestion in the  Abdullahpur- Ashulia-Bypail-Chandra corridor connecting Dhaka with 30  districts will be greatly reduced.

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