Bangladesh will have to repay the debt with 0.65 percent interest in 20 years including a 10-year grace period. Bangladesh will receive the fund through the 41st loan package from Japan. Under the 40th package, Japan provided Bangladesh with Tk 2.5 billion. The projects include Jamuna Railway Bridge Construction Project (II), Hazrat Shahjalal International Airport Expansion Project (II), Dhaka Mass Rapid Transit Development Project (IV) and Dhaka Mass Rapid Transit Development Project (Line 5 Northern Route) (I). Japan, the single largest bilateral donor for Bangladesh, has provided the country with $22 billion in loans so far.

Source: bd News24 August 13, 2020 20:15 UTC