ADB provides 688 mln USD to help Bangladesh upgrade railway

Key Points

• The Asian Development Bank and Bangladesh government signed loan agreements totaling 688 million USD to upgrade a 35-kilometer railway line.
• The project targets the Dhaka-Chattogram-Cox's Bazar corridor to boost regional transport efficiency and economic growth.
• The upgraded rail line aims to improve resilience, reliability, and efficiency of rail services, shifting more transport from road to rail.
• The corridor handles a significant share of passenger and freight traffic, forming part of the Trans-Asia Railway network and supporting economic integration.