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Bangladesh signs $7.5 billion railway deal with British company

Staff Writer | December 21, 2016
Bangladesh signed a deal with Britain's DP Rail to develop a $7.5 billion rail track, the biggest ever railway project in the country.
Bangladesh railway
Transportation   The 240 kilometre rail track
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 Understanding.

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.