Tk 105cr Mixed Credit from Denmark

Bangladesh will receive 14.5 million euro equivalent to about Tk 105 crore as Mixed Credit from Denmark.

Economic Relations Division (ERD) and the Nordea Bank, Denmark A/S of Denmark, signed an agreement to this effect at ERD office here yesterday, an official handout said.

The Mixed Credit includes 11 million euro (Tk 85 crore) as loan and 3.5 million euro (Tk 20 crore ) as grant.

The amount will be utilised for procurement of equipment for the Joydevpur-Kabirpur-Tangail 1.32 KV transmission line project, the release said.

Nargis Islam, joint-chief of ERD and Jan-Olaf Letman, vice-president, Nordea Bank Denmark A/S, signed the agreement on behalf of their respective sides.