The project to set up rail communication with Myanmar was approved in 2010 but has been on hold due to lack of funds.
“The ADB has been prioritising Bangladesh’s policy for development through regional connectivity,” said Economic Relations Division (ERD) joint secretary (ADB branch) Saifuddin Ahmed.
“The project under Trans-Asian Railway corridor will set up rail links with Myanmar. The ADB wants to fund it because of its tremendous prospect.”
About 100 km of tracks will connect Dohazari, Ramu, Cox’s Bazar and another 28 km will go until Ukhia’s Ghumdhum under the project.
“We’ve had two meetings with the ADB mission on this project. The ADB has agreed to give $1.5 billion in loan at two percent interest.”
The ADB in its conditions said the tracks needed to be dual gauge and underpasses must be built to make sure elephant corridors were not disturbed. (Courtesy of bdnews24.com)
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