Photo: Freepik

DHAKA, Jan 19, 2025 (BSS) - The government of Bangladesh and the Ministry of Land, Infrastructure and Transport of the Republic of Korea today signed deals to strengthen the operational capacity of Bangladesh Railways by providing consultancy services, supplying essential equipment and delivering training programs.

The deals-Record of Discussion (RoD) & Terms of Reference (ToR)-were signed for a project titled "Improvement Project of Rolling Stock Management & Maintenance in Bangladesh." 

The project will be implemented by the Bangladesh Railway, under the Ministry of Railways. The Ministry of Land, Infrastructure, and Transport of Korea will provide an amount of $3.69 million (approximately Taka 44.30 crore) as a grant to implement the project, said an Economic Relations Division (ERD) press release. 

These initiatives are to ensure the sustainable maintenance of locomotives procured by Bangladesh Railway earlier under the Economic Development Cooperation Fund (EDCF) of Korea Eximbank, said the release. 

Miranda Mahrukh, Additional Secretary and Wing Chief (Asia, JEC, and F&F), Economic Relations Division (ERD), on behalf of the Government of Bangladesh, and Nam, Young-woo, Assistant Minister for Infrastructure Affairs, Ministry of Land, Infrastructure and Transport (MOLIT), on behalf of the Republic of Korea, jointly signed the deals.