Bangladesh signs 2.5 bn dollar ODA deal with Japan

Bangladesh signs 2.5 bn dollar ODA deal with Japan

Agency News

Dhaka, May 29 : Bangladesh and Japan on Wednesday signed 40th ODA (Official Development Assistance ) deal involving 2.5 billion dollar for implementing five projects to bolster ties between the two countries.

Economic Relations Division (ERD) secretary Monowar Ahmed and Japanese ambassador to Bangladesh Hiroyasu Izumi signed the ODA deal on behalf of their respective sides.Prime minister Sheikh Hasina and her Japanese counterpart Shinzo Abe witnessed the signing at his office.

Five projects, taken under the 40th (ODA) package deal, are Matarbari Port Development Project (1), Dhaka Mass Rapid Transit Development Project (Line 1), Foreign Direct Investment Promotion Project (II), Energy Efficiency and Conservation Promotion Financing Project (Phase 2) and Matarbari Ultra Super Critical Coal-Fired Power Project (V).

Earlier, PM Sheikh Hasina arrived at the Japanese prime minister's office and held a bilateral meeting with her Japanese counterpart Shinzo Abe.Sheikh Hasina was given guard of honour when she reached the Japanese prime minister's office.