Belt and Road Initiative & Bangladesh slide image

Belt and Road Initiative & Bangladesh

4.3 Materialising BRI in Bangladesh • • A number of measures have been rolled out to materialise the ideas embedded in the BRI. During the visit of the Chinese President to Bangladesh in October 2016, an understanding was reached as regards implementation of various government-to-government (G2G) and business-to-business (B2B) projects. In total China promised about USD 40 billion investment in Bangladesh. • • USD 24.45 billion in bilateral assistance for infrastructure projects USD 13.6 billion in joint ventures • In addition, USD 20 billion in loan agreements was committed. ⚫ In 2016, Bangladesh and China signed eight (8) projects costing more than USD 9.45 billion financed by China. This include: Padma Bridge rail link worth USD 3.3 billion; the power plant in Payra worth USD 1.9 billion; digital connectivity worth USD 1 billion; power grid network strengthening project worth USD 1.32 billion. CENTRE FOR POLICY DIALOGUE Belt and Road Initiative & Bangladesh 21 21
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