India wants two more projects included

New $2 billion loc

New Delhi has asked Dhaka to include two more projects under the new Line of Credit (LoC). The projects include construction of 30 km BG line from Belonia (India) to Feni (via Belonia, Bangladesh); and contraction of Inland Container Depot (ICD) at Ishurdi.
In a letter sent to the Bangladesh government by the High Commission of India (HCI) in Dhaka on June 25, India has requested the inclusion of the two projects under the new LoC extended recently.
India agreed to provide Bangladesh with a new LoC worth USD 2 billion. A Memorandum of Understanding (MoU) in this regard was signed between the two countries during the visit of Indian Prime Minister Narendra Modi on June 6.
“We are pleased to extend another line of credit of $2 billion to support infrastructure and other development activities in Bangladesh,” Modi said. “Our development partnership is scaling new heights.”
According to the letter sent to Bangladesh by the HCI, “In the MoU, an indicative list of 13 projects have been identified, the cost of which has been estimated to be US$ 1826.89 million. As the credit line is for US$ 2 billion, you are requested to finalise the indicative list by suggesting additional projects, if any.”
The HCI has also requested finalisation of the project parameters including scope of work, timelines, project monitoring, evaluation etc. of all identified projects in consultation with concerned ministries and organisations of the Government of Bangladesh.
As per ERD sources, India is keen to implement these two project under the fresh LoC. The details project plan of the two projects is also likely to be sent soon.
Senior Secretary of the Economic Relations Division (ERD) Mohammad Mejbahuddin told The Independent that they had earlier proposed 13 projects critical for the social and infrastructure development in Bangladesh to be included under the new Indian LoC.
The projects proposed to the authorities included those in the fields of power, road transport, Railways, Information and Communication Technology (ICT), shipping, health and technical education.

Some projects finalised by the ERD could avail funding from the second LoC. These include procurement of 500 tracks for BRTC for USD 35.39 million and double-decker and articulated buses for BRTC at USD 44.10 million.
Procurement of equipment and machinery for roads and highways for USD 49.49 million could also be done thorugh the fresh Indian LoC. Projects regarding higher education and skill development in ICT for $10 million, establishment of IT/hi-tech parks in twelve districts for $193 million could also see some help with the amount.
The Barapukuria-Bogra-Kaliakoir 400 KV line project for USD 210.67 million; construction of new carriage workshop in Syedpur railway workshop including feasibility study for $85 million; conversion of metre gauge line to dual gauge line in Parbatipur-Kawnia section of Bangladesh Railway for USD 105 million; construction of a double line, including signalling, on the Khulna-Darshana section of Bangladesh Railway for USD 300 million; development of Ashuganj river port at Dharkhar, Akhaura Land Port (road length: 50.87km) for USD 229.78 million; establishment of inland container river port at Ashuganj $33.46 million are also some crucial infrastructure projects finalised by the ERD that could be funded through the new Indian LoC.

 

India wants two more projects included

New $2 billion loc

New Delhi has asked Dhaka to include two more projects under the new Line of Credit (LoC). The projects include construction of 30 km BG line from Belonia (India) to Feni (via Belonia, Bangladesh); and contraction of Inland Container Depot (ICD) at Ishurdi. In a letter sent to the Bangladesh government by the High Commission of India (HCI) in Dhaka on June 25, India has requested the inclusion of the two projects under the new LoC extended recently. India agreed to provide Bangladesh with a new LoC worth USD 2 billion. A Memorandum of Understanding (MoU) in this regard was signed between the two countries during the visit of Indian Prime Minister Narendra Modi on June 6. We are pleased to extend another line of credit of $2 billion to support infrastructure and other development activities in Bangladesh, Modi said. Our development partnership is scaling new heights. According to the letter sent to Bangladesh by the HCI, In the MoU, an indicative list of 13 projects have been identified, the cost of which has been estimated to be US$ 1826.89 million. As the credit line is for US$ 2 billion, you are requested to finalise the indicative list by suggesting additional projects, if any. The HCI has also requested finalisation of the project parameters including scope of work, timelines, project monitoring, evaluation etc. of all identified projects in consultation with concerned ministries and organisations of the Government of Bangladesh. As per ERD sources, India is keen to implement these two project under the fresh LoC. The details project plan of the two projects is also likely to be sent soon. Senior Secretary of the Economic Relations Division (ERD) Mohammad Mejbahuddin told The Independent that they had earlier proposed 13 projects critical for the social and infrastructure development in Bangladesh to be included under the new Indian LoC. The projects proposed to the authorities included those in the fields of power, road transport, Railways, Information and Communication Technology (ICT), shipping, health and technical education. Some projects finalised by the ERD could avail funding from the second LoC. These include procurement of 500 tracks for BRTC for USD 35.39 million and double-decker and articulated buses for BRTC at USD 44.10 million. Procurement of equipment and machinery for roads and highways for USD 49.49 million could also be done thorugh the fresh Indian LoC. Projects regarding higher education and skill development in ICT for $10 million, establishment of IT/hi-tech parks in twelve districts for $193 million could also see some help with the amount. The Barapukuria-Bogra-Kaliakoir 400 KV line project for USD 210.67 million; construction of new carriage workshop in Syedpur railway workshop including feasibility study for $85 million; conversion of metre gauge line to dual gauge line in Parbatipur-Kawnia section of Bangladesh Railway for USD 105 million; construction of a double line, including signalling, on the Khulna-Darshana section of Bangladesh Railway for USD 300 million; development of Ashuganj river port at Dharkhar, Akhaura Land Port (road length: 50.87km) for USD 229.78 million; establishment of inland container river port at Ashuganj $33.46 million are also some crucial infrastructure projects finalised by the ERD that could be funded through the new Indian LoC.