Japan has consented to give advances to Bangladesh to construct its first underground railroad. A stretch of 26.6-kilometer rail line will be developed in Dhaka in two stages under the Mass Rapid Transit venture.
The plan of the underground rail is being readied, said Project Director Md Saidul Haque. He told “Japan has consented to fund the task which is a major one,” .
Haque trusted the delicate procedure of the undertaking will be done before the current year’s over subsequent to finishing the back contract with Japan.
Bangladesh is probably going to settle the 40th advance bundle with the Japan International Cooperation Agency in June, said Shahidul Islam, extra secretary of the Economic Relations Division.
As per the agreement, Bangladesh will get $2.5 billion which will be spent for five activities including the MRT-1.
This budgetary help of Japan will be more than those it gave in past monetary years. The financing cost will be 0.95 percent and the advance must be reimbursed inside 30 years.
In 2017, JICA gave 5.59 billion yen in advances under its 38th advance bundle to enlist a consultant for the venture.
Two reality discovering groups of JICA visited Bangladesh in July and September and the agents consented to incorporate the MRT-1 venture in the 40th credit bundle.
The initial segment of the MRT-1 venture will be the airplane terminal course. It will extend from the terminal 3 of Shahjalal International Airport to Kamalapur by means of Khilkhet, Jamuna Future Park, Notun Bazar, Badda, Hatirjheel, Rampura, Malibagh and Razarbagh. It will be 16.4 kilometers long.
The second piece of the underground rail will be the Purbachal course. It will extend from Notun Bazar to Purbachal Depot by means of Jamuna Future Park. This course will cover 10.2 kilometers.
Dhaka Mass Transit Company will actualize the task.
The last expense of the venture is up in the air as the nitty gritty undertaking plan has not been done, ERD Joint Secretary Abdul Baki told. The DPP will be finished “soon” and an expected use will be accessible at that point, he said.
In a JICA review a year ago, $4.91 billion was evaluated to be the normal use of the MRT-1 venture with 2025 as the execution due date.
“Japan constantly completed the advancement ventures it began in Bangladesh. As far as concerns its, the legislature gave assets to coordinate the advances,” said Joint Secretary Abdul Baki.
Aside from the MRT-1 venture, the JICA’s 40th credit bundle incorporates Matarbari coal control plant and Matarbari seaport.