Japan to provide $1.063 billion for budget support, railways

The Report Desk

Published: May 30, 2025, 11:56 AM

Japan to provide $1.063 billion for budget support, railways

Source: Collected

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.

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