Bangladesh, Japan in talks over five projects under PPP; joint meet Feb 24
Monday, 15 February 2021
Bangladesh and Japan are in discussion on five projects worth US$8.38 billion under public-private partnership (PPP).
The projects are - Construction of Multimodal Transport Hub (MmTH) at Kamlapur and airport railway stations; Construction of Outer Ring Road (southern part) of Dhaka City; Improvement of Chattogram to Cox's Bazar Highway; and the Design, Construction, Operation and Maintenance of Mass Rapid Transit (MRT) Line-2.
Total investment needed for these projects is estimated to be $8.38 billion, which is about 30 per cent of the portfolio of PPPA pipeline, reports UNB.
It is expected that PPP projects with Japan through Government to Government (G2G) partnership modality will ease the massive financial investment of Bangladesh government.
Sultana Afroz, Secretary and CEO of Public Private Partnership Authority (PPPA), and Ito Naoki, Japanese Ambassador to Bangladesh, on Monday discussed the upcoming fourth Bangladesh-Japan Joint PPP Platform meeting which will be held on February 24 through online platform.
The Ambassador was accompanied by Takashi Shirai, Second Secretary, of the Japanese Embassy in Dhaka.
Prime Minister Sheikh Hasina in her first Board of Governors meeting of the PPP Authority as Chairperson approved the "Policy for Implementing PPP Projects through Government-to-Government (G2G) Partnership" 2017.
PPP Authority has been working closely with Japan's Ministry of Land, Infrastructure, Transport and Tourism (MLIT) since then.
Sultana Afroz acknowledged the support of the Japanese people during the Liberation War, especially the role of the late Senator Hayakawa.
She also recognised Japan as the largest bilateral development partner of Bangladesh.
The Ambassador also showed his strong commitment of Japan in promoting and development of PPP projects in Bangladesh.
He appreciated the team spirit at PPPA as they are all motivated to work for PPPA.
The Ambassador was also impressed with the inclusion of interns and consultants outside the regular system as well as maintaining near gender parity in the office, thereby making it the most promising organisation in the government structure in Bangladesh.
He expressed his interest for the Japanese Embassy work more closely with the PPP Authority. He mentioned that PPP has been high in his agenda.
Ambassador Naoki affirmed that Kajima Corporation is very enthusiastic about undertaking the Multimodal Transport Hub at Kamlapur and Mitsubishi Corporation is keen to invest in concession, operation and maintenance of the Airport terminals in Dhaka.
The Japanese Ambassador appreciated the hospitality extended to him by the PPP Authority. He reiterated that he is here to strengthen the cooperation between PPPA and Japan.