China Railway Group, one of the world’s largest construction companies, said it has won a US$3.1 billion project to build a rail network in Bangladesh, according to company’s filing with the Hong Kong Stock Exchange on Tuesday.
The rail link will connect capital Dhaka to Jessore in southwestern Bangladesh, a distance of 168.6 kilometres, with the train designed to run at a top speed of 120 km/h, China Railway said. Construction will take 54 months to complete, the company said.
Chinese companies, backed by the government’s diplomatic and economic clout, have been snapping up infrastructure projects across Asia under the “One Belt, One Road” initiative.
China Railway Group has signed a $3.14bn contract with Bangladesh Railway for the construction of the Padma Bridge Rail Link project in Bangladesh. The 168.6km, single-track rail line will originate from the existing Dhaka station and will pass through the Padma Multi-Purpose Bridge, which is under construction, via Mawa to reach Jessore via Bhanga. The middle section of the line will connect with the existing Rajbari-Kashiani Railway and Faridpur-Bhanga Railway. The entire line will represent the new framework for the Southwest Bangladesh railway network. The project will include the construction of bridges, roadbeds, ancillary works, track-laying works and communication signals.… Read more »