Loan deal with Japan for metro rail next month: Official

The government will sign a loan agreement with Japan next month to implement the proposed Metro Rail Project, aiming to ease the city’s chronic traffic congestions.

The government has already finalised a 20-km route of the metro rail, starting from Uttara third phase to Bangladesh Bank area, Motijeel.

Earlier in the day, a two-member Japanese delegation led by Jica chief representative Dr Takao Toda met Communications Minister Obaidul Quader at his office.

After the meeting, Road Division Secretary MAN Siddique told reporters that the metro rail route starting from Uttara third phase will go through Pallabi-Rokeya Sharani-Khamarbari-Farmgate-Shahbagh-Duel Chattar-Tupkhana Road and end in front of the Bangladesh Bank.

“A depot will be set up beside Uttara Model Town and 22 hectares of land have already been acquired in this regard,” he said, adding that there will 16 stations along the route.

The Detailed Proposal Project (DPP) will be approved in March next and the physical work on the project will begin within mid-2013, said executive director of Dhaka Transport Coordination Board Dr SM Salehuddin.

The government has taken the metro rail project, involving Tk 16,000 crore, under the Strategic Transport Plan of Dhaka Metropolitan. The Japanese government will finance 80 percent (Tk 11,642 crore) of the project with a 0.01 percent interest rate, said sources at the Communications Ministry.

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