BSS-37 Korea to provide Tk179 crore for three projects

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ZCZC

BSS-37

KOICA-PROJECT-AGREEMENT

Korea to provide Tk179 crore for three projects

DHAKA, Feb 9, 2021 (BSS) -The South Korean government will provide Tk 179.38 as grant assistance to Bangladesh for three projects to promote youth entrepreneurship education, improve the reliability and safety in national highway corridors of Bangladesh and to ensure safe cyberspace for digital Bangladesh.

To this end, three separate grant agreements have recently been signed between the government of Bangladesh and the Project Implementing Agency the Korea International Cooperation Agency (KOICA), said a press release here today.

Representatives from ministry, division and agency on behalf of the Government of Bangladesh and Young-Ah Don, KOICA country director were present signing ceremony of Record of Discussions (RoD) and Terms of References (ToR) on behalf of the respective sides.

KOICA will provide $ 7.50 million (approximately Tk 63.37 crore) as grant to implement the project “Capacity Building of Universities in Bangladesh to promote youth entrepreneurship project” under secondary & higher education division.

Roads and Highways Department will implement “Improving the Reliability and Safety in National Highway Corridors of Bangladesh by Introduction of ITS (Intelligent Transport System) Project” under Road Transport and Highway Division and KOICA will provide $ 8.93 million (approximately Tk. 75.45 crore) as grant for this project .

Bangladesh Police will implement “Safer Cyberspace for Digital Bangladesh: Enhancing National and Regional Digital Investigation Capability of Bangladesh Police Project” under the Public Security Division.

KOICA will provide $ 4.80 million (approximately Tk. 40.56) as grant for this project.

BSS/PR/TIT/RY/21:58hrs