Bangladesh, Japan strike deal for $3.5 billion Dhaka metro rail
DHAKA (AFP) - Bangladesh on Wednesday signed a loan deal with a Japanese development agency for construction of the country's first-ever metro rail system, costing US$2.8 billion (S$3.5 billion) and intended to ease Dhaka's traffic jams.
Traffic in Bangladesh capital, home to 15 million people, is among the slowest in the world with commuters spending three hours to four hours in jams daily.
A mix of 200,000 motor vehicles and another half-million cycle-rickshaws clog the roads.
Officials said the proposed 20.1km ground and elevated railway will stretch across Dhaka from north to south with 16 stations and will ferry four million commuters every day, easing the jams substantially.