Japan’s 43 rd ODA Yen Loan (1 st Batch) and Grant Aid Signed Today
ITO Naoki, Ambassador of Japan to Bangladesh, and Ms. Fatima Yasmin,
Secretary of Economic Relations Division, Ministry of Finance signed Exchange of Notes of the 43rd Official Development Assistance (ODA) Yen Loan and Grant Aid of Japan to Bangladesh.
The first batch of the 43nd Yen Loan amounts to 165.861 billion yen (approximately USD 1.23 Billion) and Grant Aid is to provide additional grant for the costs of “the Project for
Improvement of Meteorological Radar System in Dhaka and Rangpur”, which is incurred due to
the COVID-19 circumstances.
Based on this agreement between the two counties, Mr. HAYAKAWA Yuho, Chief Representative of JICA Bangladesh Office and Ms. Fatima Yasmin signed a relevant Loan
Agreement and Grant Agreement.
“I’m pleased to be able to sign the Exchange of Notes with regard to 43nd Japanese Yen
Loan Package today. The first batch of the 43rd round of yen loans includes two projects in the
package. One is to develop roads, drainage and water supply facilities, agriculture-related
facilities, and waste management facilities in the southern Chattogram area. The other is the
northern route of MRT Line 5, which connects Dhaka’s MRT transportation network in an eastwest direction, will be developed to improve the functioning of the urban transportation network.
With the additional Grant Aid, the Japanese companies involved can proceed and complete the
construction work hopefully by 2025. I am sure today’s signings have shown further willingness
of the Japanese people to contribute to the fast and sustainable growth of Bangladesh.” said
Ambassador ITO at the signing ceremony.
Japan has been the single largest bilateral donor for Bangladesh since 2012, and the total
amount of its aid as Yen Loan has reached USD 25.59 billion (commitment base).
The 43rd Exchange of Notes covers the following projects: (1) Southern Chattogram Regional Development Project (loan amount: 32,462 million yen) Interest Rate: 0.70 % per annum (The part concerning payments to consultants: 0.01% per annum) Repayment period: Twenty years after the grace period of ten years (2) Dhaka Mass Rapid Transit Development Project (Line 5 Northern Route)(Ⅱ) (loan amount: 133,399 million yen) Interest Rate: 0.70 % per annum (The part concerning payments to consultants: 0.01% per annum) Repayment period: Twenty years after the grace period of ten years the Project for Improvement of Meteorological Radar System in Dhaka and Rangpur (Grant Aid): This is the project to construct meteorological radar and related facilities in Joydebpur and Rangpur. The original grant up to 2.881 billion yen is amended up to 3.009 billion yen by adding 128 million yen in this time.