POST Online Media Lite Edition


Bangladesh signs $7.5 billion railway deal with British company

Staff Writer |
Bangladesh signed a deal with Britain's DP Rail to develop a $7.5 billion rail track, the biggest ever railway project in the country.

Article continues below

The 240 kilometre rail track will run between Dhaka and Payra port, a planned new deep sea port, capable of handling large container ships with capacity for 8,000 containers or 120,000 tonnes of cargo.

DP Rail will finance the project, railway minister Mujibul Haque told reporters following the signing of a Memorandum of Understanding.

Under the terms of the MoU, DP Rail has the exclusive right to develop plans to design, finance, build and operate the railway, the company said in a statement.

What to read next

Qatar to buy 5% stake in Bharti Airtel for $1.26 billion
Toshiba to construct thermal power plant and port in Bangladesh
CareFusion to buy Vital Signs from GE for $500m