Bangladesh will sign a deal of over $1.2 billion with Japan for four projects, including the second metro rail connecting the capital’s airport and Kamalapur, during Prime Minister Sheikh Hasina’s visit to the East Asian country on May 28-31.
While the Japanese premier and our premier appear to be committed to moving Bangladesh towards a middle-income country by 2021, we had better get our act together on critical issues such as land allocation, permits needed by industry for power, etc. and basically reduce lead times to get a project up and running.
Japan yesterday assured Bangladesh that it would fulfil its commitment to provide $6 billion, of which $1.5 billion would be released this year.
Japanese Prime Minister Shinzo Abe gave the assurance during an official bilateral meeting with his Bangladeshi counterpart Sheikh Hasina in Nagoya.