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Bangladesh Railway Signs $16.45mn Contract with Indian Firm

  •   Mon, Jul 04 2011 04:40:58 PM

Dhaka, Jul 4 (IANS): Bangladesh Railway Monday inked a $16.45 million contract with an Indian company to supply wagons.

The contract was signed with the Indian company Texmaco Limited as part of 20 development projects to be undertaken under the $1 billion credit line between Bangladesh and India, Daily Star reported.

According to the contract, 165 broad-gauge oil tank wagons and six broad-gauge brake vans will be supplied within a year.

Bangladesh Railway director general Abu Taher and Texmaco's senior vice president A.K. Sinha signed the contract.

As per the $16.45 million agreement, Delhi will finance the project and the Indian company will supply the wagons and brake vans.

Bangladesh Railway covers a length of 2,855 km.
  

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Title: Bangladesh Railway Signs $16.45mn Contract with Indian Firm



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