ADB approves $360m loan for railway development - News Summed Up

ADB approves $360m loan for railway development


The total cost of the ADB Railway Rolling Stock Operations Improvement Project is $453.37 million, of which $93.37 will be met by the government. However, its market share has dropped because of inadequate investment in railway infrastructure and rolling stock over an extended period. Most rolling stock is more than 30 years old, and much is past the end of its economic life. Starting with a Railway Sector Improvement Program in 2006, ADB has provided four loans to the government for railway development totaling $2.81 billion. The rolling stock will introduce auxiliary power units (APU) to Bangladesh Railway, to significantly reduce diesel consumption when the locomotives are idling.


Source: Dhaka Tribune February 21, 2018 06:00 UTC



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