China seeks MoU with Bangladesh for Dhaka to Chittagong high speed rail PPP project
The Government of China has offered to sign a Government to Government Public-Private Partnership (PPP) agreement for Dhaka-Chittagong high-speed railway project in Bangladesh. China aims to sign a Memorandum of Understanding (MoU) for the project and has chosen China Railway Construction Corporation (CRCC) to implement the development.
The high-speed railway project is 224.6 km long and will provide connections to Narayanganj, Cumilla and Feni. The new track will be able to reach the speed of 300 km/h, which will be able to reduce the travel time between Dhaka and Chittagong to 55 minutes.
The Bangladesh Railway has already completed a feasibility study for the project and has concluded that the project is economically viable at an international rate of 15%. The estimated investment value for the project is BDT 933.509 billion (US$9.83 billion).
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