DHAKA Dec 20 Bangladesh signed a deal with
Britain's DP Rail on Tuesday to develop a $7.5 billion rail
track, the biggest ever railway project in the country.
The 240 kilometre rail track will run between Dhaka and
Payra port, a planned new deep sea port, capable of handling
large container ships with capacity for 8,000 containers or
120,000 tonnes of cargo.
DP Rail will finance the project, railway minister Mujibul
Haque told reporters following the signing of a Memorandum of
Under the terms of the MoU, DP Rail has the exclusive right
to develop plans to design, finance, build and operate the
railway, the company said in a statement.
(Reporting by Ruma Paul; Editing by Jane Merriman)