China will dispatch technical experts to Bangladesh to evaluate the Teesta Master Plan after Dhaka requested financing assistance. Foreign Secretary Asad Alam Siam met Chinese Ambassador Yao Wen on Monday morning to discuss the development initiative. Beijing responded favorably to Bangladesh's $550 million loan application for the water management project. Ambassador Yao expressed China's strong enthusiasm for supporting the comprehensive river development scheme. The Economic Relations Division continues negotiations with Chinese officials regarding funding mechanisms.
Bangladesh plans to launch the first phase in 2026 with completion targeted for 2029. The initial stage requires a total investment of $750 million, combining Chinese loans with domestic government resources. India previously showed interest when Foreign Secretary Vinay Kwatra visited Dhaka in May 2024. The former Awami League administration had also pursued Indian financial backing for this major infrastructure undertaking. Chief Adviser Professor Muhammad Yunus's recent visit focused on broader cooperation agreements that encompassed hospital construction and multiple development programs.
Bangladesh plans to launch the first phase in 2026 with completion targeted for 2029. The initial stage requires a total investment of $750 million, combining Chinese loans with domestic government resources. India previously showed interest when Foreign Secretary Vinay Kwatra visited Dhaka in May 2024. The former Awami League administration had also pursued Indian financial backing for this major infrastructure undertaking. Chief Adviser Professor Muhammad Yunus's recent visit focused on broader cooperation agreements that encompassed hospital construction and multiple development programs.
