Bangladesh: Historic railway deal inked
Bangladesh signed a deal with Britain’s DP Rail in late 2016 to develop a
U.S. $7.5 billion rail track, the biggest ever railway project in the country.The 240-kilometer rail track will run between Dhaka and Payra port, a planned new deep sea port capable of handling large container ships with capacity for 8,000 containers or 120,000 metric tons of cargo.
DP Rail will finance the project railway, Railway Minister Mujibul Haque told reporters after the signing of a memorandum of understanding.
Under the terms of the deal, DP Rail has the exclusive right to develop plans to design, finance, build and operate the railway, the company said in a statement. Reuters