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Bangladesh signs $7.5 bln railway deal with British company
December 20, 2016 / 11:41 AM / a year ago

Bangladesh signs $7.5 bln railway deal with British company

DHAKA, Dec 20 (Reuters) - 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 be developed between Dhaka and Payra port, a new deep sea port which is under construction.

DP Rail will finance the project railway minister Mujibul Haque told reporters after a Memorandum of Understanding was signed.

Reporting by Ruma Paul. Editing by Jane Merriman

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