Bangladesh to back Bhutan for WB fund for river transit

Bangladesh will
urge India to include Bhutan in the tri-nation team eligible for a World Bank
fund to increase the navigability of a river transit route. Bangladesh and
India decided to take assistance from the WB for the route, and the
Washington-based multilateral lender agreed to provide the loan from its
regional  connectivity fund. Bangladesh
will make the recommendation for Bhutan at a four-day meeting scheduled to
start in India between the shipping secretaries of the two countries. The
standard operating procedure (SOP) of the coastal shipping agreement will be
signed. Once the SOP is finalised, the two countries' ships will play each
other's coastal waters to transport cargo, a move that will slash transport
costs by two-thirds. Bangladesh signed an agreement with India on the use of
Chittagong and Mongla ports during Prime Minister Narendra Modi's visit to
Bangladesh. The meeting will discuss how the ports will be used, which routes
will be taken for going to India, when the agreement will come into effect and
what to be done for uplifting the two ports. Besides, the meeting will also
discuss the issues related to the signing of an agreement to carry passengers
and tourists via river routes. 

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