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Muhith calls visit huge deal

  • Published at 06:39 pm October 13th, 2016
  • Last updated at 02:02 am October 14th, 2016
Muhith calls visit  huge deal
After his return from abroad yesterday, Muhith discussed with reporters the prospects of potential Chinese investments in Bangladesh. Muhith said that Bangladesh submitted 25 investment proposals to the Chinese delegation worth $15-20 billion. The projects include Dhaka-Sylhet four-lane highway, Padma Bridge rail link (phases I and II), Dhaka-Ashulia elevated expressway, marine drive expressway and coastal protection in Sitakunda, Chittagong and Cox’s Bazar, according to sources. The other crucial projects include expansion and strengthening of power system network of DPDC and the construction of Karnaphuli tunnel in Chittagong at $703 million. Several other projects are expected to be identified for future negotiations, said sources at the Economic Relations Division (ERD). Muhith added that the ERD would also provide the delegation with another list of mega investment proposals during the visit. The minister, however, could not confirm how many of the proposals would be agreed upon. Last April, Muhith said that the government was not interested in the Chinese investment proposals as “they are usually supplier’s credit tagged with harsh terms and conditions.”

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