DHAKA -- Bangladesh's highest economic policy-making body May 3 approved a multi billion U.S. dollars China-financed project to develop a direct railway connectivity between the capital Dhaka and the southwestern parts of the country.
Planning Minister AHM Mustafa Kamal told reporters that Rail Division is entrusted to implement the project by 2022 and a total of 172 kilometers new rail track would be installed under the project.
Chinese government will provide 247.49 billion taka as a loan for the project and the remaining expenditure would be borne by the government, he added.
Bangladesh's cabinet committee on economic affairs in March approved a proposal from the country's railway ministry to give the project to China Railway Group Ltd.
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