Militancy threatens Bangladesh economic growth – World Bank economist Kaushik Basu Bangladesh economy could grow 8 pct in next four years – WB economist ADB to lend Bangladesh $45 mln for water resource project Bangladesh bring in Rony, Nurul for World T20 Bangladesh president says media ensures good governance
The Asian Development Bank (ADB) will fund $1.5 billion for building a rail line that will connect Cox’s Bazaar, Bangladesh’s beach resort, to neighbouring Myanmar as part of a larger Trans-Asian Railway network.
“The ADB has been prioritising Bangladesh’s policy for development through regional connectivity,” the country’s Economic Relations Division (ERD) Joint Secretary Saifuddin Ahmed said in a report on Friday.
“The project under Trans-Asian Railway corridor will set up rail links with Myanmar. The ADB wants to fund it because of its tremendous prospect,” he said.
Some 100 km of rail lines will connect Bangladesh with Myanmar through Ghumdhum border.
“We’ve had two meetings with the ADB mission on this project. The ADB has agreed to give $1.5 billion in loan at two percent interest.”
Bangladesh has a 300 km-border with Myanmar and the country expects to connect by road and rail with Kunming in China through Myanmar.
- IANS | Dhaka