Three India-Assisted Projects in Bangladesh Inaugurated

• 04 Nov 2023

Indian Prime Minister and Prime Minister of Bangladesh, jointly inaugurated three development projects assisted by India through a video conference call.

• These projects aim to enhance connectivity and energy security in the region and strengthen the partnership between the two nations.

Key Points

• Inauguration of Three Projects: The two Prime Ministers inaugurated three Indian-assisted development projects in Bangladesh.
• These projects represent India's commitment to its "neighbourhood First policy" and its dedication to strengthening ties with Bangladesh.
• Akhaura-Agartala Cross-Border Rail Link: This project, executed with a grant assistance of Rs 392.52 crore from the Indian government, involves the construction of a 12.24 km rail link.
• It includes a 6.78 km Dual Gauge rail line in Bangladesh and a 5.46 km segment in Tripura, India.
• Khulna-Mongla Port Rail Line: Implemented with a total project cost of $388.92 million under India's concessional Line of Credit, this project focuses on building approximately 65 km of broad gauge rail route between Mongla Port and the existing rail network in Khulna.
• This connection links Mongla, the second largest port in Bangladesh, to the broad-gauge railway network.
• Maitree Super Thermal Power Project: This thermal power project is financed through an Indian Concessional Financing Scheme loan of $1.6 billion. It comprises a 1320 MW (2x660) Super Thermal Power Plant (MSTPP) located in Rampal, Khulna Division, Bangladesh.
• The project is carried out by the Bangladesh-India Friendship Power Company (Private) Limited (BIFPCL), a 50:50 Joint Venture between India's NTPC Ltd and the Bangladesh Power Development Board (BPDB).
• Unit II Inauguration: Unit I of the Maitree Super Thermal Power Plant was jointly inaugurated by both Prime Ministers in September 2022. Unit II is scheduled for inauguration on November 1, 2023.
• The operationalization of this power plant will significantly enhance energy security in Bangladesh.
• Enhancing Regional Connectivity and Energy Security: These projects have been undertaken with the aim of strengthening connectivity and energy security in the region.
• They signify the close cooperation between India and Bangladesh and their shared commitment to fostering development and progress.