$6.4 Billion sought from Chian; BD aspires for new mega infrastructure projects

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According to a report by The Financial Express, The Economics Relation Division made an appeal to the Chinese government through a letter seeking funds for nine new projects worth US$ 6.4 billion.

The government has asked $1.6 billion for the completion of first phase construction of Payra seaport, which has been partially constructed and began basic operations in 2016.

The authorities have also sought $1.2 billion for the construction of the country’s longest bridge which will connect Barisal to the island district Bhola. The bridge will widen the opportunity to facilitate the transport of natural gas from the island district through pipelines. Alongside funding of $853 million was sought for the Teesta river comprehensive management and restoration project and $805.35 million was sought for the project on the “Expansion of Strengthening of Power System Network under DPDC area (PGCB part).

Other projects on the list include the establishment of Sheikh Hasina Institute of Information Technology and hi-tech park, procurement of oil tankers, upgrades of Barisal-Kuakata highway to four-lane construction of high-tech rural bridges across the country, and the construction of sewerage collection system under Dashenkandi STP catchment of Dhaka city. The proposals were made in line with the discussions held at the first meeting of the Investment Cooperation Working Group held in Dhaka recently.

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