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    <pubdata type="print" name="DailyStar" date.publication="20240707T000000+5.30" edition.name="Main Edition" edition.area="MAI" position.section="DST07072412MAI-BACK" position.sequence="12" ex-ref="DST07072412MAI-BACK.indd" />
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		<lang class="3" colour="#000000" orgstyle="SHOULDER new" style="Headline1"  font="Blacker Pro Display" fontStyle="Bold" size="15">PROMISED CHINESE LOANS </lang>
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		<lang class="3" colour="#000000" orgstyle="HEAD new" style="Headline2"  font="Blacker Pro Display" fontStyle="Bold" size="40">Transport sector projects fare poorly </lang>
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BY NAME LINE new" font="Blacker Pro Display" fontStyle="Bold" size="8">TUHIN SHUBHRA ADHIKARY
</lang>
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="INDENTLESS BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">China promised to provide loans for eight transport sector projects eight years ago, but only one of those has been completed so far.
</lang>
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">Two other projects are currently underway, but those are running behind schedule, documents show.
</lang>
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">Two more projects have been taken off the list while the implementation of the three others has not started due to multiple reasons.
</lang>
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">The delay in implementation means Bangladesh will struggle to enhance the capacity of its rail lines, highways and sea ports with a view to serve the steadily growing economy, officials said.
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">Amid such a situation, Bangladesh is expected to seek more Chinese loans for several transport projects during Prime Minister Sheikh Hasina’s China visit from July 8 to 10. The projects may include construction of Bhanga-Payra rail line and Mass Rapid Transit Line-2. 
</lang>
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">During his visit to Bangladesh in October 2016, Chinese President Xi Jinping pledged to provide about $20 billion loan -- the largest amount committed by a bilateral partner of Bangladesh -- over the following four years to implement 27 projects.
</lang>
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">But as of January this year, the two sides managed to sign agreements on only nine projects involving $8.08 billion, figures from the Economic Relations Division (ERD) show.
</lang>
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">Of the $8.08 billion, Bangladesh could utilise only $4.91 billion, less than a quarter of the amount promised by China. Red tapism on both sides is largely to blame for the slow disbursement of loans, said officials.
</lang>
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">Of the 27 projects, eight were for the transport sector, including four under the railways ministry, three under the road transport and bridges ministry, and one under the shipping ministry.
</lang>
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Bold" size="9">RAIL PROJECTS
</lang>
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">Four railway projects were supposed to be implemented with the Chinese loans to build new a rail line and expand three existing ones.
</lang>
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">The Padma Bridge Rail Link Project is the only railway project being implemented now with the Chinese loan.
</lang>
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">The Ecnec in May 2016 approved the project to connect the capital with Jashore with a 169km line via the Padma Bridge at a cost of </lang>
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<p style=".Bodylaser" ul="0" ol="0"  orgstyle="SEE PAGE">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="SEE PAGE" font="Blacker Pro Display" fontStyle="Bold" size="7">SEE PAGE 6 COL 1</lang>
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