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The UK has quadrupled its export finance support for Bangladesh from £150mn to £625mn in a bid to boost the country’s railway industry.
A trade delegation of nine UK rail companies visited Bangladesh last month, according to a report by www.gtreview.com.
“Rail is an important sector for Bangladesh and the group is eager to look into areas where UK expertise can help assist with existing transport initiatives that are key to the onward growth and productivity of the country,” reads a Foreign and Commonwealth office statement.
The UK has strong business interests in Bangladesh and is one its largest foreign investors.
The UK is also the third single largest destination for exports from Bangladesh.