Bangladesh signs Tk 92bn deal with Japan for metro linking east to west Dhaka

In terms of Bangladeshi currency, the deal is worth 92 billion taka. Economic Relations Secretary Fatima Yasmin and Japanese Ambassador Naoki Ito signed the agreement during a virtual meeting on Tuesday.

On the 19.6 kilometer Route 5, a metropolitan rail link will be established between Hemayetpur of Savar and Bhatara via Gabtoli, Mirpur 10, Kochukhet, Banani and Gulshan 2.

The tracks from Hemayetpur to Aminbazar and Notun Bazar to Bhatara will be elevated while the remaining 13.5 kilometers will be underground.

The total estimated cost of the project is 410 billion taka, of which Japan will provide about 290 billion taka.

Under the 43 yen credit agreement, Japan will also provide about 22 billion taka through currency exchange for the South Chattogram development project.

Metro coaches ran between Uttara North and Pallabi stations via Uttara Center and Uttara South stations during its first run on Sunday, August 29, 2021. Photo: Mostafigur Rahman

The government had planned to set up Bangladesh’s first metro from Uttara to Motijheel via Mirpur. Later he decided to extend the line to Kamalapur.

The Japan International Cooperation Agency or JICA provided about Tk 166 billion out of nearly Tk 220 billion for the Uttara-Motijheel phase of the project.

It will provide Bangladesh with a $158 million loan to extend the Dhaka Metro rail line from Motijheel to Kamalapur, according to an agreement signed in March.

A test run took place on the first Uttara-Agargaon portion of the rail metro project in December 2021. This portion is expected to become operational in December 2022.

Comments are closed.