Signing of a loan agreement of 260 million dollars with the Asian Investment Bank for infrastructure

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The government signed a $ 260 million loan agreement with the Asian Infrastructure Investment Bank (AIIB) for the construction of a bridge across the Brahmaputra at Mymensingh.

To reduce traffic congestion on the existing Shambhuganj Bridge over the Brahmaputra River, the Roads and Highways Department (RHD) will build the proposed Kewatkhali Bridge over the river, a press release said.

According to the statement, the construction of the new bridge is expected to facilitate road connectivity between several districts in Mymensingh Division and land ports, EPZs and economic zones in the region. The end of the work is scheduled for June 2025.

Economic Relations Division Secretary Fatima Yasmin and AIIB (Investment Operations Region 1) Vice President DJ Pandian signed the agreement on behalf of their respective organizations.

The existing Shambhuganj Bridge, the 2nd China-Bangladesh Friendship Bridge over the Brahmaputra River, in Mymensingh, connects several districts of the division to Dhaka. Every day, many vehicles, including trucks carrying stone, coal and other materials imported from three major land ports located in Mymensingh Division, cross this bridge. The capacity of the bridge, built three decades ago, has now become insufficient for timely communication, the press release said.

The construction of the new bridge will attract new investment and open the door to economic development.

The project will cover the construction of a 320-meter-long steel arch bridge, an approach to the 780-meter-long bridge, a 551 m road viaduct, a 240 m rail viaduct, a 4-lane 6-lane highway. , 20 km, including SMVT lanes, and a place toll.

The loan repayment period is 33.5 years, including a five-year grace period, to be received under standard AIIB terms and conditions. The entry fee payable is 0.25% and the commitment fee is 0.25% per annum for any undisbursed amount, the press release said.


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