Belt and Road projects in limbo as Bangladesh cuts budgets

China withdraws infrastructure funding after Dhaka trims proposed costs

20210628 Karnaphuli underwater tunnel project in Chittagong, Bangladesh

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.

SYFUL ISLAM, Contributing writer

DHAKA -- China has withdrawn funding for Belt and Road infrastructure projects in Bangladesh after the recipient country re-evaluated the programs and downwardly revised their costs.

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