The Bangladesh government signed two agreements on Sunday with South Korea’s Ministry of Land, Infrastructure, and Transport to implement a railway project focused on rolling stock management.
The Korean government is providing US$3.69 million (approximately Tk44.30 million) in grants for the project, which is being implemented by Bangladesh Railway, according to the Economic Relations Division (ERD).
The primary objective of the “Improvement Project for Rolling Stock Management and Maintenance in Bangladesh” is to enhance the operational capacity of Bangladesh Railway.
To facilitate the project’s implementation, Mirana Mahrukh, additional secretary of ERD, and Nam Young-woo, assistant minister for infrastructure affairs of the Korean Ministry, signed the Record of Discussion (RoD) and Terms of Reference (ToR).
Under the agreements, Korea will provide consultancy services, supply essential equipment, and deliver training programs.
These initiatives aim to ensure the sustainable maintenance of locomotives previously procured by Bangladesh Railway under the Economic Development Cooperation Fund (EDCF) of Korea Eximbank.
