Bangladesh prepared and signed the documents first and then sent to China. Md Shahriar Kader Siddiky, additional secretary at the ERD, and Zhang Tiankin, deputy general manager of the Exim Bank of China, signed the deal, according to a statement from the ERD. Bangladesh and China signed memoranda of understanding worth around $21 billion for the financing of 27 projects during Chinese President Xi Jinping’s Dhaka visit in 2016. The estimated cost of the Dhaka-Ashulia expressway project is over Tk 169 billion. The construction was supposed to end in June 2022 but it took time to launch the project due to the delay in signing the deal with China.

Source: bd News24 October 29, 2021 04:45 UTC