TBT DESK: The government of Bangladesh and the Korea International Cooperation Agency (KOICA), Republic of Korea, on Thursday signed separate deals for providing an $8.85 million grant to Bangladesh for a road sector project.
In this regard, the Record of Discussion (RoD) and Terms of Reference (ToR) for the project titled "Capacity Development for Smart Maintenance Technology of Bridges under Roads and Highways Department in Bangladesh" were signed on Thursday, said an Economic Relations Division (ERD) press release. Mirana Mahrukh, Additional Secretary and Wing Chief (Asia, JEC and F&F), ERD signed the RoD and ToR on behalf of the government of Bangladesh while Taeyoung Kim, Country Director of KOICA, signed on behalf of his organization.
This project will be implemented by the Roads and Highways Department, under the Road Transport and Highways Division. KOICA will provide an amounting to $8.85 million (approximately Tk 108.00 crore) as a grant to implement the project.
The primary objective of the project is to improve bridge safety through bridge maintenance through utilising smart technology.