Tk 21b Japanese loan aid soon
Tuesday, 11 December 2007
Bangladesh will get Japanese loan assistance of US$ 324 million, approximately Tk 21 billion, for implementing three projects, reports UNB.
To this effect, Japanese Ambassador in Bangladesh Masayuki Inoue and Secretary of Economic Relations Division (ERD) M Aminul Islam Bhuiyan will sign an Exchange of Notes at the ERD in the city today (Tuesday), said a Japan embassy release.
Under the agreement, the Japan government will provide the loan assistance to its Bangladesh counterpart through the Japan Bank for International Cooperation (JBIC) for implementation of the projects.
The projects are New Haripur Power Plant (360 megawatt) development project (part I), Dhaka-Chittagong Railway Development Project and Small Scale Water Resources Development Project.
The conditions of the loan aid are the most generous.
The interest rate is 0.01 per cent per annum and the repayment period is 40 years inclusive of 10-year grace period for the three loans.
To this effect, Japanese Ambassador in Bangladesh Masayuki Inoue and Secretary of Economic Relations Division (ERD) M Aminul Islam Bhuiyan will sign an Exchange of Notes at the ERD in the city today (Tuesday), said a Japan embassy release.
Under the agreement, the Japan government will provide the loan assistance to its Bangladesh counterpart through the Japan Bank for International Cooperation (JBIC) for implementation of the projects.
The projects are New Haripur Power Plant (360 megawatt) development project (part I), Dhaka-Chittagong Railway Development Project and Small Scale Water Resources Development Project.
The conditions of the loan aid are the most generous.
The interest rate is 0.01 per cent per annum and the repayment period is 40 years inclusive of 10-year grace period for the three loans.