• Thursday, Nov 21, 2019
  • Last Update : 09:39 pm

Dhaka signs $2.5b ODA deal with Tokyo

  • Published at 07:31 pm May 29th, 2019
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Bangladesh Prime Minister Sheikh Hasina and her Japanese counterpart, Shinzo Abe with government officials at bilateral meeting in Japan on Wednesday, May 29, 2019 Focus Bangla

PM Hasina given guard of honour

Bangladesh and Japan on Wednesday signed their 40th Official Development Assistance (ODA) deal, involving $2.5 billion for implementing four projects. 

Economic Relations Division (ERD) Secretary Monowar Ahmed and Japanese Ambassador to Bangladesh Hiroyasu Izumi signed the ODA arrangement on behalf of their respective governments, reports UNB.

Bangladesh Prime Minister Sheikh Hasina and her Japanese counterpart Shinzo Abe witnessed the signing at his office in Tokyo.

The four projects under the 40th ODA deal are: Matarbari Port Development Project (1), Dhaka Mass Rapid Transit Development Project (Line 1), Foreign Direct Investment Promotion Project (II) and Energy Efficiency and Conservation Promotion Financing Project (Phase 2).

Earlier, Sheikh Hasina arrived at the Japanese Prime Minister's Office (PMO) for a bilateral meeting with Shinzo Abe, and was given a guard of honour when she reached the Japanese PMO.

Bangladesh is courting Japan for aid, trade and investments during the visit that highlights friendly ties with the administration of Prime Minister Shinzo Abe.

Briefing reporters, Foreign Secretary M Shahidul Haque said Prime Minister Sheikh Hasina put emphasis on developing Bangladesh-Japan relations to a "strategic level".

She also sought cooperation in extracting gas hydrate from the seabed.

The two prime ministers promised to work together against terrorism and violent extremism, both at the national and international levels.

Sheikh Hasina urged the Japanese prime minister to take skilled manpower from Bangladesh, as they had introduced a new immigration law.

She also proposed the opening of a skill development institute in Bangladesh.

Abe responded very positively in this regard and said officials of the two counties will discuss the matter, said the foreign secretary.

Sheikh Hasina invited her Japanese counterpart to attend the "Mujib Borsho" to be celebrated in 2020, and Abe accepted the invitation saying he will consider it positively.

Japan will contest the UN Security Council election which will be held 2022, and Bangladesh will help it in this regard.

Japan also extended its support to the Bangladesh candidate for the post of deputy director general at the International Organization for Migration (IOM).

Bangladesh had earlier nominated Foreign Secretary Shahidul Haque to contest the post.

PM's speech writer Md Nazrul Islam was present during the briefing.