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The total budget of the Southern Route construction project is estimated at US$4.7 billion, of which ADB is expected to contribute 53.19%. But in a stakeholder meeting on 26 February 2023, the government requested ADB to pay 6.38% more. [ 8 ]
India provided $47.8 million for a cross-border train link and a $388.92 million concessional line of credit for the Khulna-Mongla port rail line in Bangladesh.
On 23 October 2022, the government signed an agreement with Nippon Koei Bangladesh Limited to join the company as a consultant for MRT Line 1. [8] In the same year, the government entered into an agreement with Tokyo Construction and Max Infrastructure for the land development work of the only depot of the proposed project at Pitalganj. [ 5 ]
On 28 June 2022, a loan agreement of 71% of the total budget was signed between Bangladesh and Japan International Cooperation Agency (JICA) to finance the project. [10] On 3 October 2022, Dhaka Mass Transit Company Limited (DMTCL) got the ownership of the land acquired by the depot.
The National Budget of Bangladesh is the government's annual financial statement, outlining the projected income and expenditure for the fiscal year. According to Article 87.(1) of the Constitution of Bangladesh , presenting this budget is a mandatory duty of the government.
The Dhaka Metro Rail (Bengali: ঢাকা মেট্রোরেল), or simply the Dhaka Metro, is a mass rapid transit system serving Dhaka, the capital and largest city of Bangladesh. It is operated by the Dhaka Mass Transit Company Limited (DMTCL). [ 2 ]
The MRT Line 6 (Bengali: এমআরটি লাইন ৬) is a rapid transit line of the Dhaka Metro Rail.Despite its number, it is Bangladesh's first rapid transit line and has been in service since 2022. [2]
In 2016 the ministry proposed a 7.8% hike in the ticket prices of Bangladesh Railways. [2] The announcement faced criticism and demands for reduced corruption in the ministry. [ 3 ]