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
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
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
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.