Bangladesh to get $505 mln in loan from ADB for railway improvements

Reporting By Serajul Quadir; editing by Ralph Boulton in.reuters.com

The Asian Development Bank (ADB) and the government of Bangladesh on Sunday signed agreements for $505 million in loans to further improve the country’s railways that will help the national economy and boost subregional trade.

Mohammad Mejbahuddin, Senior Secretary, Economic Relations Division (ERD), and Kazuhiko Higuchi, Country Director, Bangladesh Resident Mission of ADB, signed the agreements in Dhaka.

“The assistance will help railways better serve needs of people and movement of goods, and help improve domestic and subregional trade,” said Higuchi. More info

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