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Belt and Road

Belt and Road projects in limbo as Bangladesh cuts budgets

China withdraws infrastructure funding after Dhaka trims proposed costs

The Karnaphuli underwater tunnel project in Chittagong, Bangladesh, has been funded by China, which recently said it would not fund at least two rail projects in the country.

DHAKA -- China has withdrawn funding for Belt and Road infrastructure projects in Bangladesh after the recipient country re-evaluated the programs and downwardly revised their costs.

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