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BSS
  27 Oct 2021, 18:26

Korea committed to strengthen infrastructural partnership with Bangladesh

  DHAKA, Oct 27, 2021 (BSS) - Korean Envoy in Dhaka Lee Jang-keun today 
expressed his country's commitment to strengthen its infrastructural 
partnership with Bangladesh.

  The envoy made the commitment at the Infra Project Roadshow, in cooperation 
with KOTRA Dhaka office, in the city's hotel intercontinental, said a press 
release here. 

  Eleven Bangladesh authorities, including Public Private Partnership 
Authority (PPPA), Bangladesh Power Development Board (BPDB), Roads and 
Highways Department(RHD), Bangladesh Railway (BR), Bangladesh Bridge 
Authority(BBA), D-WASA, and C-WASA and 31 Korean construction and engineering 
companies including 12 companies based in Dhaka participated in the event. 

  Bangladesh contractors and Korean companies sat together to explore 
potential opportunities for cooperation in the field of infrastructural 
projects in Bangladesh through in-person and virtual one-on-one meetings.

  Korea has been a longtime partner in the infrastructural projects in 
Bangladesh. The first project even dates back to early 1970s.

   When Bangladesh declared independence in 1971, a Korean company was 
building a highway between Dhaka and Chittagong. According to the statistics, 
Korean companies participated in 210 infrastructural projects to this date 
including Jamuna Multipurpose Bridge project built by Hyundai Construction in 
1998. 

  Major Korean construction and engineering companies such as Samsung, 
Hyundai, POSCO, GS, Halla, Taeyoug, Heelim, Dowhaare operating their offices 
in Dhaka and actively participate in infrastructural projects in Bangladesh.

  In order to strengthen cooperation in infrastructure, the two countries 
have launched PPP (Public-Private Partnership) platform in 2019 and 
identified recently five projects to be implemented under this framework 
including Meghna Bridge project. 

  Korea also has been actively providing concessional loans, EDCF, Economic 
Development Cooperation Fund, to support infrastructural projects in 
Bangladesh. 

  Ambassador Lee Jang-keun of Korea stated in his luncheon keynote speech 
"Infrastructure development is the key to the success of Bangladesh's 
economic development and to the achievement of its grand vision to become a 
developed nation by 2041. Korea, a vivid example of how investment in 
infrastructure can turn into economic development, is a natural partner for 
Bangladesh's development of infrastructures. We are committed to further 
strengthening our partnership with Bangladesh in the infrastructural areas." 

  He said: "I believe that the next infrastructural area can and should be 
RMG sector, another success story of economic cooperation between the two 
countries. And I think infrastructure can be an area which could take our 
bilateral ties into a new height in the coming decades."

  The Secretary and CEO of PPPA Sultana Afroz, appreciating collaboration in 
infrastructure between the two countries, particularly through PPP platform, 
mentioned that this road show would provide a valuable opportunity to see the 
progress of the partnership and the potential projects.

  Speakers from other Bangladeshi authorities also introduced their projects 
and expressed their willingness to closely cooperate with Korean partners. 


 

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