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ECONOMY > Trade

Kawasaki Heavy, Mitsubishi seen landing Dhaka train deals

  • July 13, 2017
  • , Nikkei Asian Review , 6:21 a.m.
  • English Press

TOKYO — Kawasaki Heavy Industries and Mitsubishi Corp. are expected to win orders for train cars and related equipment in Bangladesh as part of the Japanese government’s official development assistance program.

 

The contracts for just over 100 rail cars are worth tens of billions of yen. Last year, the Japan International Cooperation Agency agreed to extend up to 173 billion yen ($1.53 billion) in loans to Bangladesh for six projects — part of the government’s push for infrastructure exports led by Prime Minister Shinzo Abe.

 

Kawasaki Heavy will build the cars, while Mitsubishi will provide related machinery and equipment. In 2016, Tokyu Construction received an order for site preparation of the railway depot in Bangladesh’s capital of Dhaka.

 

The planned Mass Rapid Transit Line 6, the first elevated railway in Dhaka, will cover 16 stations spanning 20km. It will run from Uttara, in northern Dhaka, through the airport and down to Motijheel, an area hosting many government offices. The line is expected to begin partial operations as early as 2019, and full operations by 2021.

 

The development of Dhaka’s transit network is not keeping up with the population growth around the capital, making traffic jams and air pollution from vehicle emissions serious problems. The yen-loan agreements between the JICA and Bangladesh will cover road improvements and a fossil-fuel power project as well.

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