ADB to provide 400 million US dollars in loans to Bangladesh

June 27, 2023

ADB to provide 400 million US dollars in loans to Bangladesh: The Asian Development Bank has signed an agreement with Bangladesh to provide a 400 million US dollars loan for the construction of 102 km-long dual gauge railways between Chattogram and Cox’s Bazar to promote trade, investment, and tourism.

Aim: To transport 2.9 million passengers annually between Chattogram and Cox’s Bazar by 2024

Chattogram-Cox’s Bazar Railway is part of the Trans-Asia Railway network, an initiative led by the UN.