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Published on August 27, 2014
The undertaking will focus on the region linking the capital of Dhaka with Matarbari near the major port city of Chittagong, featuring a series of infrastructure projects and a special economic zone for Japanese companies. Japanese Prime Minister Shinzo Abe will visit the country early next month and discuss these plans at a meeting with his Bangladeshi counterpart, Sheikh Hasina.
Plans to set up the special economic zone in the Dhaka area will be solidified as early as this fiscal year. The Japanese government is expected to provide some 40 billion yen in support. A 15 billion yen fund will be set up by next fiscal year, and a special-purpose company will be established to build an industrial park. Tokyo will help with infrastructure construction and corporate financing as well.
Japan will also offer loans for building railways and expressways between cities and assist in constructing urban infrastructure in Dhaka and Chittagong. The area around a coal-fired power plant in Matarbari will be a priority for development as well.
-Nikkei Asian Review
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