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Business

Japan consultancy wins Bangladesh airport expansion project

Japanese government to provide $42.1m loan for infrastructure deal

TOKYO -- Major Japanese construction consultancy Nippon Koei has won an order for an airport expansion project in Bangladesh, along with four local partners, for some 4.6 billion yen ($42.1 million).

The state project includes the construction of a new terminal for international travelers as well as a new cargo terminal at Hazrat Shahjalal International Airport in Dhaka, the capital.

The government hopes to open the new facility in August 2022, and hopes to increase the number of passengers the airport can handle annually by 50% to 12 million.

The project will  cost an estimated 192 billion yen, which will be provided by the Japanese government as yen loans. The consortium plans to hold an auction between later this year and early next year to invite bids for the construction of the planned facilities. Construction is scheduled to start next year.

(Nikkei)

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