Hasina, Pranab open locomotives from India
Bangladesh Prime Minister Sheikh Hasina and visiting Indian President Pranab Mukherjee yesterday morning jointly inaugurated the commissioning of broad gauge (BG) locomotives and tank wagons of Bangladesh Railway (BR), which are being supplied under the Indian Line of Credit.
They flagged off a locomotive with 20 tank wagons and one brake van from Cantonment Station in the capital.
BR Director General Mohammad Abu Taher briefed reporters at the function about the various development activities of the BR that have been taken under the Indian LC.
He said eleven railway projects have already been undertaken at a cost of US$630 million out of the US$736 million allocated for 14 projects under the one billion dollar Indian LC.
Following the decision of the joint communiqué signed on January 10, 2010 between Bangladesh and India during Prime Minister Sheikh Hasina's visit to New Delhi, Indian Prime Minister Dr Manmohan Singh announced the one billion dollar Indian LC for Bangladesh that included railway infrastructure and procurement of broad gauge and meter gauge rolling stock.
The loan agreement was signed on August 7, 2010 between Bangladesh government and EXIM Bank of India in the presence of the then Indian finance minister and currently the president, Pranab Mukherjee.
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