** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

Japan to provide $1.27b to Bangladesh for three key projects

31 March 2023

News Desk  :
Japan will provide 1,65,319 million Japanese yen or approximately $1.27 billion for implementing three key projects in Bangladesh.
Out of the total amount, 105,362 million Japanese yen or $811 million will be provided for the 2nd tranche of the Matarbari Port Development Project (II), 55,729 million Japanese yen or $429 million for the 1st tranche of the Chattogram-Cox's Bazar Highway Improvement Project (I) and 4228 million Japanese yen or $32.56 million for the Project for Construction of dual gauge double line between Joydebpur-Ishwardi section.
In this regard, "Exchange of Notes" and "Loan Agreements" for the three projects were signed between Bangladesh and Japan at the NEC-2 conference room in the capital's Sher-e-Bangla Nagar area yesterday, said a press release.
Economic Relations Division (ERD) Secretary Sharifa Khan signed the "Exchange of Notes" and "Loan Agreements" for Bangladesh while Ambassador of Japan to Bangladesh IWAMA Kiminori signed the "Exchange of Notes" while Chief Representative, JICA Bangladesh Office, ICHIGUCHI Tomohide signed the "Loan Agreements".
The rate of interest of this loan will be 1.20 percent for construction, 0.01 percent for consultancy service and Front End Fee (at a time) 0.2 percent. The repayment period will be 30 years which includes 10 years of grace period.
Since independence, the Japanese ODA commitments to Bangladesh have exceeded to $28.84 billion while the disbursement to $19.73 billion.

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