Bangladesh Railway to buy 420 wagons at $ 27m from India

The Bangladesh Railway signed a contract with an Indian company on Sunday to procure 420 broad gauge wagons of various kinds at a cost of $ 27.13 million for goods transportation. The contract has been signed under the Rolling Stock Operations Improvement Project of the railway. The agreement was signed in Dhaka between the project director of Bangladesh railways Mizanur Rahman and the Hindustan Engineering and Industries Limited. The agreement worth Tk. 231 crore will be implemented within 27 months of the signing of the contract. This project is being implemented with the joint funding of the Government of Bangladesh and Asian Development Bank (ADB) under the Rolling Stock Operation Improvement Project.  These  are high speed bogies with automatic air brake systems so that the general and specialised products like various food grains, fertilisers, stones, wood etc. can reach the destination safely at low cost and in less time. The wagons are equipped with a stainless steel body.
Speaking on the occasion of the agreement signing ceremony, Railway Minister Md. Nurul Sujan said that the new wagons will help improve freight transportation by replacing old wagons of Bangladesh railway. He said many projects have been undertaken to increase rail connectivity across the country and the neighbouring countries.  Bangladesh railway minister said that river and sea ports are being connected to the railways, and single, one-way lines are being converted into two-way double lines as part of the modernisation initiative of the government .This project will strengthen the confidence and trust in the railway sector of two countries, he said.