EIB to support rolling stock acquisition in Bangladesh

The European Investment Bank intends to provide a EUR 110 million loan to Bangladesh for the acquisition of new rolling stock. The total cost of the project is EUR 270 million and consists of the purchase of about 200 rail passenger carriages and about 40 locomotives for regional and intercity services.They will be deployed on the 1,230-km long broad/dual gauge network across Bangladesh as well as international services to India.
The project consists of the partial replacement of obsolete vehicles and a partial expansion of the fleet to better meet growing demand. The project is part of the 20 Year Railway Development Plan.
For rolling stock acquisition, the Asian Development Bank approved in February a USD 360 million loan, that includes the implementation of the railway reform in the country. This project has a total cost of USD 453 million, which will also be supported by the government, allotting USD 93 million. under the project, 40 locomotives, 125 luggage vans and 1,000 freight wagons will be purchased.

Share on: