Bangladesh is seeking Russian investment to develop the country’s railway infrastructure, said Railway Minister Nurul Islam Sujan amid a push for railway modernization in his country
Bangladesh is seeking Russian investment to develop the country’s railway infrastructure, said Railway Minister Nurul Islam Sujan amid a push for railway modernization in his country. Nurul held a meeting with the Russian Ambassador Alexander Mantytskiy who expressed a desire for Russian investment in the sector.
“We are seeking foreign investment in the railway sector,” Nurul was quoted as saying by The Daily Star. He further added, “Work on different projects is underway and more projects will be taken soon for the improvement of railway services under a master plan."
Bangladesh Railway has currently been going through phased modernization, replacing old tracks, coaches, and other key infrastructure. There are significant opportunities for foreign investors interested in the sectors in the country.
"Russian investors could invest in these sectors and establish a training institute jointly with Bangladesh," the minister said.
Bangladesh is also interested in Russian technology, communication network, and engines used in the railway. Nurul is expected to visit Russia soon to see their railway systems also, reported The Daily Mirror.
Russia also contributes to other sectors like helping Bangladesh develop its civil nuclear energy.
India, one of Bangladesh’s closest partners in the region, has also been helping Bangladesh to develop its transportation infrastructure, including metro trains and railways. In September, New Delhi and Dhaka signed an agreement, where India agreed to provide a line of credit for a direct new rail line from Bogura to Sirajganj in Bangladesh.
India has also been training officers and staff of Dhaka Metro, which recently completed its first trial.