China to lend Bangladesh almost $1 billion for Teesta River project, reports Bangladeshi media


Source: indiatoday.in indiatoday.in

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In one of the biggest developments, China is making its foray into river management projects in Bangladesh to maintain water levels during dry seasons. According to Bangladesh media reports, Dhaka is to receive a loan of nearly USD 1 billion from China to maintain water levels during the drought season after efforts to approve a water-sharing deal with India failed. "A massive project funded by China has been adopted for the management of the Teesta River and China has agreed to fund it. Hopefully, we can start the project by December," Jyoti Prosad Ghosh, an additional chief engineer at the...