The Government of Bangladesh is reportedly set to receive a $505m loan grant from the Asian Development Bank (ADB) to further develop the country’s railways, as well as strengthen subregional trade and national economy.

Approximately $400m of the total amount will be ordinary capital resources (OCR) and $105m will come from the Asian Development Fund (ADF).

The project will help to upgrade the 72km Akhaura-Laksam section of the Dhaka-Chittagong railway corridor to a double-track, dual-gauge railway line, along with modern signalling equipment.

"The assistance will help railways better serve needs of people and movement of goods, and help improve domestic and subregional trade."

The Akhaura-Laksam section is part of a major sub-regional corridor and of the Trans-Asia Railway network.

ADB Bangladesh Resident Mission country director Kazuhiko Higuchi said: "The assistance will help railways better serve needs of people and movement of goods, and help improve domestic and subregional trade.

"This project will also help improve the overall railway transport system in Bangladesh, and aims to reduce transport costs and improve logistics of strategic corridors, such as Dhaka-Chittagong link, for subregional trade."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Work will also include upgrading the existing track in agreement with the Trans Asia Railways network requirements.

As part of the project, 11 railway stations will be built with special facilities for the elderly, women, children and disabled.

Scheduled to be completed by 2022, the project will also support capacity building for the permanent project management unit to be established in Bangladesh Railway and for accessing climate mitigation funding.