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  • Signing of Japanese ODA Loan Agreements with Bangladesh: Contributing to economic growth and improvement of the urban environment under the Bay of Bengal Industrial Growth Belt initiative, and assisting host communities of displaced people from Rakhine State, Myanmar

Press Releases

【SDGs logo】INDUSTRY, INNOVATION AND INFRASTRUCTURE

【SDGs logo】REDUCED INEQUALITIES

【SDGs logo】SUSTAINABLE CITIES AND COMMUNITIES

June 28, 2022

Signing of Japanese ODA Loan Agreements with Bangladesh: Contributing to economic growth and improvement of the urban environment under the Bay of Bengal Industrial Growth Belt initiative, and assisting host communities of displaced people from Rakhine State, Myanmar

photosigning ceremony

On June 28, the Japan International Cooperation Agency (JICA) signed loan agreements with the Government of the People’s Republic of Bangladesh in Dhaka, to provide Japanese ODA loans of up to a total of 165,861 million yen for the following two projects.

(1) Dhaka Mass Rapid Transit Development Project (Line 5 Northern Route) (II) (loan amount: 133,399 million yen)
(2) Southern Chattogram Regional Development Project (loan amount: 32,462 million yen)

Details for the projects are provided below.

(1) Dhaka Mass Rapid Transit Development Project (Line 5 Northern Route) (II)
(a) Objective and Summary
The objective of the Project is to alleviate traffic congestion and mitigate air pollution in Dhaka City and the adjoining areas by constructing a mass rapid transit system, thereby contributing to economic development and improvement of the urban environment. The project will contribute to the achievement of SDGs Goals 9, 11 and 13.

(b) Executing Agency
Dhaka Mass Transit Company Limited
Address: 71-72 Old Elephant Road, Eskaton Garden, Dhaka-1000, Bangladesh
Phone: +880-2-5518099, FAX: +880-2-9358589

(c) Planned Implementation Schedule
1. Completion of project: November 2029 – when the facilities are put into service
2. Issuing of letters of invitation for consulting services (including detailed design work): Already hired
3. Tender announcement of initial procurement package for international competitive bidding on project construction:
Procurement package title: Depot Land Development
Release date: June 2022 (Already announced)

(2) Southern Chattogram Regional Development Project
(a) Objective and Summary
The southern Chattogram region, in which comprehensive development, including that of important infrastructure, is proceeding according to the Bay of Bengal Industrial Growth Belt initiative, is expected to become a region that will drive the growth of Bangladesh in the future. In addition to the population increase due to the above regional development, the influx of displaced people from Rakhine State, Myanmar has also been adding to the population increase of the area. This project aims to improve the standard of living and the quality of life of local residents by developing public infrastructure, thereby advancing economic development and the redress of disparities. The project will contribute to the achievement of SDGs Goals 1, 10, and 11.
(b) Executing Agency
Local Government Engineering Department, Local Government Division, Ministry of Local Government, Rural Development and Cooperatives
Address: Bhaban, Agargaon, Sher-e-Bangla Nagar, Dhaka, 1207, Bangladesh
Phone: +880-2-811480, FAX: +880-2-8116390
(c) Planned Implementation Schedule
1. Completion of project: April 2028 – when all subprojects are placed in service
2. Issuing of letters of invitation for consulting services (including detailed design work): April 2022(Already sent)
3. Tender announcement of initial procurement package for international competitive bidding on project construction: No procurement for construction is scheduled for this project

Terms and Amounts of Loans

Project title Amount
(million yen)
Annual interest rate (%) Repayment
period
(years)
Grace
period
(years)
Procurement
Project Consulting services
Dhaka Mass Rapid Transit Development Project (Line 5 Northern Route) (II) 133,399 0.70 0.01 30 10 General untied
Southern Chattogram Regional Development Project 32,462 0.70 0.01 30 10 General untied

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