Bangladesh signs deals with Chinese, Thai firms for building metro rail project

Bangladesh signs deals with Chinese, Thai firms for building metro rail project

The Bangladeshi government has signed three deals with Chinese and Thai firms on the country’s first-ever metro rail project.

Dhaka Mass Transit Company Limited (DMTCL), a Bangladeshi state-owned enterprise founded to implement the metro rail lines across the Dhaka city, signed the separate contract packages (CPs) including CP-2, CP-3 and CP-4 worth over 58.26 billion taka (about 719 million U.S. dollars) with the firms, Italian-Thai Development Public Company Limited, a Thailand-based construction firm, and Chinese state-owned Sinohydro Corporation Limited.

Under the deals, the firms will build metro rail tracks, stations and depot of the long cherished 20.1-km Mass Rapid Transit (MRT) Line-6 that will link north Dhaka with the south through 16 stations.

According to the project, the package CP-2 is for the civil and building works of the Depot, CP-3 and CP-4 is for the construction of metro rail tracks and elevated stations.

Officials of DMTCL, Italian-Thai Development Public Company Limited, a Thailand-based construction firm, and Chinese state-owned Sinohydro Corporation Limited signed the agreements on behalf of their respective sides at a ceremony on Wednesday in capital Dhaka.

Sinohydro signed the deal worth 15.96 billion taka for CP-2 while Italian-Thai Development Public Company Limited signed deal for all the three packages.

Source: http://news.xinhuanet.com/english/2017-05/03/c_136254166.htm