Japanese companies are going to invest in Bangladesh's infrastructure projects under a new government-to-government arrangement, the progress in which is expected to be visible next year.
Hiroyasu Izumi, ambassador of Japan to Bangladesh, made the disclosure yesterday in a meeting with State Minister for Power Nasrul Hamid at the latter's secretariat office in Dhaka.
According to a Power Division statement, the envoy said Japanese firms have expressed interest to invest in Bangladesh under public-private partnership (PPP) initiative. “Real implementation will be visible from next year,” he said.
A memorandum of understanding has already been signed between the two countries which will allow Japanese companies to get work orders without participating in any bidding.
The Land, Infrastructure, Transport and Tourism Ministry of Japan and the PPP Authority of Bangladesh will soon float a joint public-private project management platform to this end.
http://www.thedailystar.net/business/japanese-firms-invest-infrastructure-1506472