Uniindia: Dhaka, Oct 29 (UNI) India and Bangladesh officials expressed satisfaction at the robust cooperation between the two sides in implementing projects under the Government of India’s Lines of Credit scheme, and felt there has been considerable improvement in the speed at which projects are reaching the execution and tendering stage due to the active cooperation of all stakeholders.
Bangladesh is the largest development partner under India’s LOC programme, with four LOCs worth $7.862 billion extended to Bangladesh for infrastructure development
Bangladesh and India have expressed optimism that the utilisation rate of Lines of Credit (LoCs) extended to Bangladesh by India is set to increase significantly soon.
Bangladesh signs $1 13bn deal with China for Dhaka-Ashulia expressway bdnews24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdnews24.com Daily Mail and Mail on Sunday newspapers.
In 2017, with the view to alleviating the capital’s absurd traffic congestion, the government took up the Dhaka-Ashulia Elevated Expressway project to implement largely with Chinese funding.