Bangladesh's Prime Minister: Sheikh Hasina

Bangladesh's Prime Minister, Sheikh Hasina, has inaugurated the largest project built with Chinese aid, the Padma Bridge Rail Link, under the Belt and Road Initiative. This 82-km project is set to significantly transform the country's economy and connectivity. She inaugurated the Dhaka-Bhanga section of the rail route which will connect Dhaka and Jashore via the Padma Bridge. This project is the largest in Bangladesh financed by the Exim Bank of China as a part of Chinese preferential loans. Expected to directly benefit 80 million people, it could potentially boost the country's economic growth by up to 1.5%.

IMPORTANT POINTS TO REMEMBER

  1. The Belt and Road initiative is an ambitious development programme to connect Asia with Africa and Europe via land and maritime networks.
  2. Sheikh Hasina inaugurated the Dhaka-Bhanga section of the Padma Bridge Rail Link.
  3. The Padma Bridge Rail Link is funded largely by the Exim Bank of China.
  4. The project aims to transform the economic landscape and connectivity in Bangladesh.
  5. The new rail link could potentially boost the country's economic growth by up to 1.5%.
  6. This project highlights the close economic cooperation between Bangladesh and China.