ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
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DHAKA -- China has withdrawn funding for Belt and Road infrastructure projects in Bangladesh after the recipient country re-evaluated the programs and downwardly revised their costs.

At least two rail projects are now uncertain, with another also feared to be in limbo. They are three of many projects listed in a memorandum of understanding signed during Chinese President Xi Jinping's visit to Bangladesh's capital in 2016 that also face delays due to China's newfound reluctance.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more