19
Oct
10:47
Japan’s JICA, BSRM ink steel plant loan agreement
The Japan International Cooperation Agency (JICA) signed a loan agreement on 17 October with BSRM Steels (BSRM) to fund the construction of a steel plant planned by BSRM in Mirsharai, Chattogram District, Bangladesh, JICA informs.
According to JICA, the agency will fund $50 million for the steel plant construction by BSRM, Kallanish notes.
The project will be co-financed by Standard Chartered Bank and the Export-Import Bank of India, among other institutions.
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