DHAKA, May 20, 2024 (BSS) - An agreement was signed between Bangladesh and India to purchase 200 passenger coaches for the broad gauge line in the country today.

The contract was inked at the Railway Bhaban here in the presence of Railway Minister Md Zillul Hakim, a press release said.

Passenger coaches for the broad gauge line will be collected from the Indian state-owned Rail India Technical and Economic Service (RITES) Limited, the release added.

The project in this regard will be implemented with an estimated total cost of more than taka 1,200 crore.

It is being financed by the government and the European Investment Bank (EIB), the release said.

Railway Secretary Humayun Kabir, Bangladesh Railway Director General Sardar Shahadat Ali, Chairman and Managing Director of the Indian company Rahul Mittal, Additional Member (Production Unit) of Indian Railways Sanjay Kumar Pankaj and railways officials concerned were present on the occasion.