Sunday | 27 April 2025 | Reg No- 06
Bangla
   
Bangla | Sunday | 27 April 2025 | Epaper
BREAKING: ● Cardinal Prefect of Holy Roman Church meets Yunus      ● July martyr Jasim Uddin's daughter found dead      ● Poet Daud Haider passes away       ● Panic in Pakistan as India vows to cut off water supply over Kashmir issue      ● Jamaat backs PR voting, 2-term PM cap, bicameral parliament      ● Recruitment must be fully transparent: Adviser Asif       ● BAU students block Dhaka-M'singh rail route in solidarity with DU protesters      

JICA signed Tk 6,700cr loan deals for food safety, Matarbari power project

Published : Wednesday, 26 March, 2025 at 12:00 AM  Count : 524
Business Correspondent
The Japan International Agency (JICA) has signed two loan agreements with the Government of Bangladesh at NEC-2 Conference Room, Economic Relations Division (ERD) in the city on Tuesday, to provide Japanese ODA loans of up to a total of 85,819 million yen (equivalent to Tk 6,700 crore) for the following two projects: Food Safety Testing Capacity Development Project (Loan amount: 28,699 million yen) and Matarbari Ultra Super Critical Coal-Fired Power Project (VIII) (Loan amount: 57,120 million yen), says a press release.

The agreements were signed between Md Shahriar Kader Siddiky, Secretary, Economic Relations Division, and Ichiguchi Tomohide, Chief Representative, JICA Bangladesh Office, at a ceremony being witnessed by Saida Shinichi, Ambassador of Japan to Bangladesh.

Under the Food Safety Testing Capacity Development Project, JICA and the Bangladesh Food Safety Authority (BFSA) will work together to improve the food safety testing capacity of BFSA in Dhaka, Chattogram, and Khulna Divisions by constructing a food safety reference laboratory building, a food safety testing room, a training building, an office building, and necessary capacity development, thereby contributing to promoting the food processing industry, diversification and high value-adding of the industry, and prevention of diseases caused by unsafe food. The annual interest rate of the loan is 1.85 percent for the construction portion and 0.55 percent for consulting services, with a 30-year repayment period including a 10-year grace period.

Matarbari Ultra Super Critical Coal-Fired Power Project aims to secure a reliable base load power and ensure fuel source diversification for Bangladesh. The project includes a 1,200MW highly efficient ultra-supercritical coal-fired plant, 400kV transmission lines, roads, and bridges. It also includes the first deep seaport of the country with a draft of 18.5-meters.

The Project also confirms social and economic development components for the local communities, such as electrification, schools, hospitals, playgrounds, community roads, job opportunities, and livelihood improvement programs. The annual interest rate of the Tranche VIII loan is 1.95 percent for civil works and equipment and 0.55 percent for consulting services, with a 30-year repayment period, including a 10-year grace period. JICA has financed a total of 712,430 million Japanese Yen for the Project till Tranche VIII.

During the signing ceremony, Ichiguchi Tomohide, Chief Representative, JICA Bangladesh Office, emphasized, "Today we have agreed to implement two diversified projects. However, the objective of the both projects is one which is to support the people and government of Bangladesh to advance forward for prosperous, inclusive, and sustainable development".



LATEST NEWS
MOST READ
Also read
BRAC Bank promotes 2,000 coworkers in recognition of performance
bKash offers cashback and discounts on top online learning platforms
Akij Telecom brings 4 globally renowned AIoT brands in BD
ONE Bank opens its 113th branch at Chandpur
Govt to appoint officials from admin cadre in new Revenue Management Division
Sweater factory in Ashulia announces closure amid labour unrest
IFIC Bank awards winners of Eco Solve essay competition
BB allows mobile operators to receive roaming bills in Taka
Editor : Iqbal Sobhan Chowdhury
Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000.
Phone: PABX- 41053001-06; Online: 41053014; Advertisement: 41053012.
E-mail: [email protected], news©dailyobserverbd.com, advertisement©dailyobserverbd.com, For Online Edition: mailobserverbd©gmail.com
🔝
close