India & Bangladesh Jointly Inaugurated three projects, 1 Nov 2023.
On November 1, 2023, at around 11 am, Prime Minister Narendra Modi and Prime Minister of Bangladesh Sheikh Hasina will jointly open three Indian-assisted development projects via video conference, according to a statement from the Prime Minister’s Office (PMO).
Our partnership with Bangladesh is a key aspect of our Neighbourhood First policy and we are dedicated to further strengthen it. https://t.co/hijUSCT0ld
— Narendra Modi (@narendramodi) November 1, 2023
The Akhaura-Agartala Cross-Border Rail Link, the Khulna-Mongla Port Rail Line, and Maitree Super Thermal Power Plant Unit II are the three projects.
The Akhaura-Agartala Cross-Border Rail Link project is being carried out using funding provided to Bangladesh by the Government of India in the amount of INR 392.52 crore. According to the PMO’s announcement, the rail link is 12.24 km long, with a 6.78 km Dual Gauge rail line in Bangladesh and 5.46 km in Tripura.
With a total project cost of USD 388.92 million, the Khulna-Mongla Port Rail Line Project is being carried out under the Government of India’s concessional Line of Credit. The project calls for building a broad gauge rail line spanning around 65 km from Mongla Port to Khulna’s current rail system. This allows Mongla, Bangladesh’s second-biggest port, to be connected to the broad-gauge railway system.
The Maitree Super Thermal Power Project, a 1320 MW (2×660) Super Thermal Power Plant (MSTPP) in Rampal, Khulna Division, Bangladesh, is funded by a USD 1.6 billion loan under the Indian Concessional Financing Scheme.
The Bangladesh-India Friendship Power Company (Private) Limited (BIFPCL), a 50:50 joint venture between Bangladesh Power Development Board (BPDB) and India’s NTPC Ltd, has been in charge of carrying out the project. The two prime ministers jointly presented Unit I of the Maitree Super Thermal Power Plant in September 2022, while Unit 2 will be officially opened on November 1, 2023. Bangladesh’s energy security will improve with the Maitree Super Thermal Power Plant coming online.The PMO released a statement stating that these initiatives will improve the region’s energy security and connectivity.
The PMO released a statement stating that these initiatives will improve the region’s energy security and connectivity.
