The Korea International Cooperation Agency (KOICA) will provide $6 million to Bangladesh to implement the “Transport Master Plan and Preliminary Feasibility Study for Urban Metro Rail Transit Construction of Chattogram Metropolitan Area”.
In this regard, the government of Bangladesh and the Republic of Korea on Thursday signed the Record of Discussion (RoD) and the Terms of Reference (ToR) for the above-mentioned project.
Road Transport and Highways Division (RTHD) Secretary ABM Amin Ullah Nuri and Additional Secretary to the Economic Relations Division (ERD) Shahriar Kader Siddiky signed the RoD and ToR respectively on behalf of the government of Bangladesh.
KOICA Country Director Young-Ah Doh signed the RoD and ToR on behalf of Korea.
ERD Secretary Sharifa Khan and Korean Ambassador to Bangladesh Lee Jang-Keun witnessed the signing ceremony, read an ERD press release.
The main objective of the project is to prepare a transport master plan for the Chattogram Metropolitan area for providing high-quality public transport services and pedestrian facilities, prepare a preliminary feasibility study for the construction of metro rail in Chattogram, enhance the institutional capacity of different agencies of Chattogram transport service system to reduce traffic congestion and improve eco-friendly urban metro systems.
After completion of the master plan, different projects will be taken up for transport system improvement in Chattogram metropolitan area with Korean assistance.
The release read that Korea and Bangladesh have longstanding diplomatic ties, while KOICA has been providing grants for socio-economic development, education, expansion of IT and many more to Bangladesh since 1993.
