The 2nd Bangladesh-Korea joint platform has finalised three public-private partnership projects in the rail, road and power sectors to be implemented under government-to-government arrangement.
The projects are Dhaka Circular Railway, Matarbari-Madunaghat 400kV Transmission Line and Improvement of Dhaka (Joydebpur)-Mymensingh Road into Expressway with service lane.
A meeting of the PPP platform held at a city hotel on Sunday selected the projects after interactive discussion with agencies concerned on various aspects of seven projects including concept, action plan, risk association and financing.
Officials said the Bangladesh side placed two projects while the Korean side five at the 2nd platform meeting for discussion.
The seven schemes were chosen from 14 projects of Bangladesh and 10 projects of Korea tabled during the first joint platform meeting.
The first meeting was held in Korea on July 18-19, 2019.
The PPP Authority officials said the latest platform meeting also enabled the funding agencies of both the countries to sit during the working session.
They are Korea EXIM Bank, Infrastructure Development Company Ltd, Bangladesh Infrastructure Finance Fund Ltd, HSBC, Standard Chartered Bank and Sonali Bank.
The chief executive officer of Korea Overseas Infrastructure & Urban Development Corporation (KIND), director of Ministry of Land, Infrastructure and Transport and their colleagues represented the Korean government at the session.
CEO of PPP Authority Muhammad Alkama Siddiqui, South Korean Ambassador Hu Kang-iI and CEO of KIND Kyong-goo Hur attended the inaugural session.
Principal Secretary to Prime Minister Dr. Ahmed Kaikaus and Principal Coordinator (SDG Affairs) Zuena Aziz and CEO of KIND Kyong-goo Hur were present at the closing session.
The PPP Authority has been developing various projects based on "policy for implementing PPP projects through G2G partnership" 2017 for building and upgrading public infrastructures by foreign private investors. So far various platform meetings with Japan, Singapore and United Arab Emirates etc were held and several PPP projects are now under the implementation process.
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