Bangladesh approves 9 projects, including rail track from Khulna to Mongla Port on Indian LoC

The project will be partly financed out of the Indian line-of-credit, the $1 billion low-interest loan offered by the last Indian government to Dhaka to implement infrastructure projects that would ultimately aid connectivity between the two nations. The revised project will cost double the original.

The approval came from the 29th ECNEC meeting of the current fiscal held at the NEC conference room in the city’s Sher-e-Bangla Nagar area with NEC chairperson and Prime Minister Sheikh Hasina in the chair.

The estimated cost of Khulna-Mongla rail project, to be financed by the Indian government, has more than doubled in last five years. The project cost was estimated to be Tk 17.21 billion when it was first approved in 2010.