JICA inks deals worth US$ 1.184b for 5 projects
Monday, 16 June 2014
Japan International Cooperation Agency (JICA) Monday signed deals to provide Bangladesh 120.986 billion Japanese yen(equivalent to US$1.184 billion) to implement five projects, according to a news agency.
The 0.01 per cent-interest loan carries 10 years grace period and 40 years of repayment.
The five projects are: Matarbari Ultra Super Critical Coal-Fired Power Project, Small and Marginal Sized Farmers Agricultural Productivity Improvement and Diversification Financing Project, Natural Gas Efficiency Project, Inclusive City Governance Project and Haor Flood Management and Livelihood Improvement Project.
The deals were signed at a function in Sonargaon Hotel in presence of visiting JICA president Akihiko Tanaka, Bangladeshi Finance Minister AMA Muhith and State Minister for Power and Energy Nasrul Hamid. Japanese Charge-D-Affairs Hiroyuki Minami and the JICA local chief also addressed the function.
Economic Relations Division (ERD) secretary Mezbah Uddin and JICA chief representative in Bangladesh Mikio Hataeda signed the agreements.