Bangladesh to seek $4.68 bn assistance from China

Bangladesh to seek $4.68 bn assistance from China
PTI
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First Published: Mon, Jul 27 2009. 02 25 PM IST
Updated: Mon, Jul 27 2009. 02 25 PM IST
Dhaka: Bangladesh will seek around $4.68 billion in assistance from China for its infrastructure projects when the two nations hold talks to enhance bilateral ties as part of Dhaka’s “Look East” policy.
During the three-day Joint Economic Commission (JEC) meeting, Bangladesh will seek assistance for its 28 projects in telecommunication, communication, energy and health sectors.
Bangladesh’s Economic Relations Division (ERD) secretary Mosharraf Hossain Bhuiyan will lead a seven-member delegation while vice-minister Chen Jian will lead a nine-member Chinese delegation to the 12th JEC meeting, beginning in Beijing on Tuesday, The Daily Star newspaper reported.
The last JEC meeting was held in Dhaka in May 2005.
Ahead of the delegation’s departure for Beijing, an ERD official said a $3.68 billion financial assistance will be sought as grant, soft loan, and supplier’s credit under relaxed terms as Bangladesh earlier found the supplier’s credit conditions unfavourable.
He said Bangladesh will seek $1.4 billion to implement the Ganges Barrage Project, and $88.12 million for restoration of the flow of Buriganga river and for a project for prevention of river pollution.
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First Published: Mon, Jul 27 2009. 02 25 PM IST