Our new strategic partner
We think we reflect the sentiment of every section of our people, when we say the just concluded visit of the Chinese President has been extremely fruitful for both countries, liking our relationship to a strategic level, mainly for our commercial and economic development. What we would like emphasise with the Chinese commitment of billions of dollars is that it has taken Bangladesh's development aspirations to a new high. If we add it to what has been committed by Japan, India and some multilateral agencies then Bangladesh is looking to a significant leap in becoming a lower middle income country by 2021.
The signing of a Memorandum of Understanding will strengthen investment and production capacity of the country. Bangladesh will receive USD 24.45billion for 34 projects. Projects like the Padma Bridge Rail Link that will connect the southern part of the country with the capital city will facilitate trade nationwide and the Karnaphuli Tunnel, the first of its kind in Bangladesh, will act as a bridge between two parts of Chittagong with one direct line of communication reducing commute time significantly. All the major projects that have received financial assistance will significantly aid in reducing our infrastructure bottlenecks.
We reiterate President Xi Jinping's commitment that will aid our developmental efforts and it is by far the single largest investment package by a single country. Chinese engagement in upgrading our economic backbone should be viewed as a signal to other countries that Bangladesh is a serious place to invest in and they should follow suit.
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