Bangladesh Railway yesterday signed a deal with a Chinese firm on upgrading the Tongi-Bhairab Bazar single-line track to double lines, almost five years after a project was initiated in this regard.
The Tk 1,405 crore project also includes improving the signalling system on Dhaka-Chittagong main line, which is expected to be completed by 2014.
Abu Taher, director general of Bangladesh Railway, and Wendong, deputy general manager of the contractor firm China Railway Group, signed the deal at the Railway Bhaban in the capital.
Asian Development Bank (ADB) is financing Tk 1,330 crore, equivalent to 94.70 percent of the project cost, while the rest will be borne by the government.
Full story: The Daily Star