Japanese Dev Assistance: $2.5b for 4 projects

Bangladesh and Japan signed their 40th ODA deal involving $2.5 billion to implement four projects to boost ties between the two countries.

Economic Relations Division Secretary Monowar Ahmed and Japanese Ambassador to Bangladesh Hiroyasu Izumi signed the deal on behalf of their respective sides.

Prime Minister Sheikh Hasina and her Japanese counterpart Shinzo Abe witnessed the signing at the latter’s office.

The four projects, taken under the 40th Official Development Assistance (ODA) package deal, are Matarbari Port Development Project (1), Dhaka Mass Rapid Transit Development Project (Line 1), Foreign Direct Investment Promotion Project (II) and Energy Efficiency and Conservation Promotion Financing Project (Phase 2).