Japan and Bangladesh on Friday exchanged notes under which Tokyo will provide $1.063 billion to Dhaka as budget support, railway upgradation and grants.
Of the total, Japan will provide 418 million dollars as Development Policy Loan for Bangladesh`s economic reforms and climate resilience, Chief Adviser`s Deputy Press Secretary Abul Kalam Azad Majumder said, reports UNB.
Tokyo will also lend 641 million dollars for the upgradation of Joydevpur-Ishwardi into a dual-gauge double railway track and another 4.2 million dollars as grants for scholarships.