Chinese are respectable gentlemen unlike you. If their president verbally agreed to something, then it will go through unless something drastic happens. Although I doubt you care.
Xi Jinping's article on BD-China relations
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Arthur
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So, it was a very very crucial and important moment. I invite everyone to discuss and share newses here instead of opening a new thread for every single of them.
@Bilal9 @BDforever
@bd_4_ever
@Doyalbaba @Species @Riyad @TopCat
@Mohammed Khaled
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& others.
@WAJsal @waz @Shotgunner51 brothers, can you merge all the threads in a single one, please? That way it would be much easier to discuss and keep track of this grand event later.[/USER]
@Bilal9 @BDforever
@bd_4_ever
@Doyalbaba @Species @Riyad @TopCat
@Mohammed Khaled
@~Phoenix~
& others.
@WAJsal @waz @Shotgunner51 brothers, can you merge all the threads in a single one, please? That way it would be much easier to discuss and keep track of this grand event later.[/USER]
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Numbers aren't clear yet - but, it seems that
Govt to Govt - $24bil-26bil of loans and grants
Business to Business - $8bil-$13bil deals
Just the sheer numbers are eye popping, even if you take the minimum amounts and round it - It's still ~30bil. In a country and economy like ours that is potentially a game changer.
Govt to Govt - $24bil-26bil of loans and grants
Business to Business - $8bil-$13bil deals
Just the sheer numbers are eye popping, even if you take the minimum amounts and round it - It's still ~30bil. In a country and economy like ours that is potentially a game changer.
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Bangladesh businessmen have inked $13.6 billion worth business deals with as many as 15 Chinese companies.
The deals were signed by businessmen from both the countries after a Bangladesh- China joint business forum met at the Pan Pacific Sonargaon Hotel in the capital on Friday evening.
Some 19 trade deals have been signed between 15 Bangladeshi companies and as many Chinese company during the event, FBCCI President Abul Matlub Ahmad said. The deals were signed in the presence of Commerce Minister Tofail Ahmed.
A total of 86 business delegations are accompanying the visiting Chinese President Xi Jinping.
The meeting with the delegations and Bangladeshi businessmen was organised by FBCCI and China Council for the Promotion of International Trade (CCPIT).
Business leaders from both the countries spoke on the occasion and exchange ideas between the business representatives of the two nations.
The FBBCI president said after the meeting, “A total of 19 deals were inked between us. We hope that the number will go up to 50 in future. Chinese investors will surely profit from investments in Bangladesh.”
http://bdnews24.com/business/2016/10/14/bangladesh-and-china-ink-13.6-billion-business-deals
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Now we await the figures from the deals/agreements/loans signed between the BD Govt and Chinese Govts/State Owned Banks
Bangladesh businessmen have inked $13.6 billion worth business deals with as many as 15 Chinese companies.
The deals were signed by businessmen from both the countries after a Bangladesh- China joint business forum met at the Pan Pacific Sonargaon Hotel in the capital on Friday evening.
Some 19 trade deals have been signed between 15 Bangladeshi companies and as many Chinese company during the event, FBCCI President Abul Matlub Ahmad said. The deals were signed in the presence of Commerce Minister Tofail Ahmed.
A total of 86 business delegations are accompanying the visiting Chinese President Xi Jinping.
The meeting with the delegations and Bangladeshi businessmen was organised by FBCCI and China Council for the Promotion of International Trade (CCPIT).
Business leaders from both the countries spoke on the occasion and exchange ideas between the business representatives of the two nations.
The FBBCI president said after the meeting, “A total of 19 deals were inked between us. We hope that the number will go up to 50 in future. Chinese investors will surely profit from investments in Bangladesh.”
http://bdnews24.com/business/2016/10/14/bangladesh-and-china-ink-13.6-billion-business-deals
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Now we await the figures from the deals/agreements/loans signed between the BD Govt and Chinese Govts/State Owned Banks
Saiful Islam
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Arthur
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huge investments indeed.
And huge amount of that in infrastructure. We may have to wait a bit to have clear details.
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Xi promises more cooperation in big projects; 27 agreements, MoUs signed
Chinese President Xi Jinping holding a meeting with Prime Minister Sheikh Hasina at the Prime Minister’s Office in Dhaka on October 14, 2016Photo: PID
China is ready to work with Bangladesh and extend more cooperation in big projects here, said Xi
Chinese President Xi Jinping has assured Bangladesh of more cooperation in big projects.
He said this during a meeting with Bangladesh Prime Minister Sheikh Hasina at the Prime Minister’s Office in Dhaka on Friday.
Starting at 3:15pm, the meeting ended around 4:15pm on Friday.
In the meeting, heads of the two governments signed 27 deals – 15 Memorandums of Understanding and 12 loan and framework agreements – on different projects.
President Xi held a press briefing after meeting.
He said China is ready to work with Bangladesh and extend more cooperation in big projects here.
Afterwards Prime Minister Sheikh Hasina also took the podium and briefed journalists. She hoped that with cooperation from China, Bangladesh will be able to reach its goal to become a middle-income country by 2021. She wished that the friendship between the two countries will grow stronger in the coming days.
http://www.dhakatribune.com/bangladesh/2016/10/14/xi-holding-talks-hasina-pmo/
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27 deals - 12 loan deals & 15 MOU's
these include -
- Karnaphuli multilane tunnel
- 4 lane Sylhet Highway Project
- 1320 MW power plant at Payra Port
- Exclusive Economic Zone for Chinese companies and JV's
- Upgrade on power distribution network
- Chinese funded Institute at Dhaka University
- Shahjalal Fertilizer Plant construction
- 1320 MW power plant in Chittagong
- Water Treatment Plant at Dasherkandi
- Upgrade on TV ground stations (unclear as to what this entails)
more to come...
Xi promises more cooperation in big projects; 27 agreements, MoUs signed
Chinese President Xi Jinping holding a meeting with Prime Minister Sheikh Hasina at the Prime Minister’s Office in Dhaka on October 14, 2016Photo: PID
China is ready to work with Bangladesh and extend more cooperation in big projects here, said Xi
Chinese President Xi Jinping has assured Bangladesh of more cooperation in big projects.
He said this during a meeting with Bangladesh Prime Minister Sheikh Hasina at the Prime Minister’s Office in Dhaka on Friday.
Starting at 3:15pm, the meeting ended around 4:15pm on Friday.
In the meeting, heads of the two governments signed 27 deals – 15 Memorandums of Understanding and 12 loan and framework agreements – on different projects.
President Xi held a press briefing after meeting.
He said China is ready to work with Bangladesh and extend more cooperation in big projects here.
Afterwards Prime Minister Sheikh Hasina also took the podium and briefed journalists. She hoped that with cooperation from China, Bangladesh will be able to reach its goal to become a middle-income country by 2021. She wished that the friendship between the two countries will grow stronger in the coming days.
http://www.dhakatribune.com/bangladesh/2016/10/14/xi-holding-talks-hasina-pmo/
--------------------------------------------------------------------------------------------------------------------------------------------------
27 deals - 12 loan deals & 15 MOU's
these include -
- Karnaphuli multilane tunnel
- 4 lane Sylhet Highway Project
- 1320 MW power plant at Payra Port
- Exclusive Economic Zone for Chinese companies and JV's
- Upgrade on power distribution network
- Chinese funded Institute at Dhaka University
- Shahjalal Fertilizer Plant construction
- 1320 MW power plant in Chittagong
- Water Treatment Plant at Dasherkandi
- Upgrade on TV ground stations (unclear as to what this entails)
more to come...
Last edited:
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$24.45b deals
Two countries put it on paper
Rejaul Karim Byron and Md Fazlur Rahman
Bangladesh is set to receive $24.45 billion in bilateral assistance from China for 34 projects and programmes, as the two countries look to take their economic ties to a new height.
This is the largest bilateral financial assistance for Bangladesh since independence, and it is aimed at helping the country further develop its infrastructure.
The two sides yesterday signed a Memorandum of Understanding on strengthening investment and production capacity cooperation.
The MoU includes a list of 28 projects for which Dhaka would get $21.5 billion from Beijing in financial assistance, according to Bangladesh's Economic Relations Division (ERD).
The two sides also inked two loan agreements involving $464 million, and another loan deal under which China will provide Bangladesh $1.9 billion for a coal-fired power plant near Payra port in Patuakhali.
Besides, Beijing will give $583 million in financial assistance under three cooperation programmes.
http://www.thedailystar.net/frontpage/2445b-deals-1298929
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Sino-Bangla Venture: 13 companies to invest $13.6b
Staff Correspondent
Thirteen Bangladeshi entities and the same number of Chinese companies yesterday signed 13 joint venture agreements involving $13.6 billion to increase bilateral trade between the two countries.
Under the agreements, Chinese investors will invest in infrastructures, power, railways, sports and special economic zone, said Sun Xiao, a deputy director general of China Chamber of International Commerce.
Of the Bangladeshi bodies, 11 are private companies including Beximco Group and Meghna Group. The other two are the Ministry of Youth and Sports and state-owned Bangladesh Power Development Board.
On the Chinese side, around eight are state-owned and the rest are from the private sector, Xiao said at a media briefing after the signing ceremony at Sonargaon Hotel in Dhaka.
Under one of the agreements, a Chinese construction company will build a cricket stadium at Cox's Bazar while Beximco and Meghna signed deals for power generation.
“The 13 agreements are different from the other agreements signed over the last two days before and during the visit of Chinese President Xi Jinping in Bangladesh,” Xiao said after a forum meeting among the Bangladeshi and Chinese businessmen.
http://www.thedailystar.net/frontpage/sino-bangla-venture-13-companies-invest-136b-1298926
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So the final tally as it stands ($24.45 + $13.6) BIL = $38.06 BILLION
Obviously more details to be worked out - but, the figures stating $40Bil weren't too far off the mark.
$24.45b deals
Two countries put it on paper
Rejaul Karim Byron and Md Fazlur Rahman
Bangladesh is set to receive $24.45 billion in bilateral assistance from China for 34 projects and programmes, as the two countries look to take their economic ties to a new height.
This is the largest bilateral financial assistance for Bangladesh since independence, and it is aimed at helping the country further develop its infrastructure.
The two sides yesterday signed a Memorandum of Understanding on strengthening investment and production capacity cooperation.
The MoU includes a list of 28 projects for which Dhaka would get $21.5 billion from Beijing in financial assistance, according to Bangladesh's Economic Relations Division (ERD).
The two sides also inked two loan agreements involving $464 million, and another loan deal under which China will provide Bangladesh $1.9 billion for a coal-fired power plant near Payra port in Patuakhali.
Besides, Beijing will give $583 million in financial assistance under three cooperation programmes.
http://www.thedailystar.net/frontpage/2445b-deals-1298929
-----------------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------------------
Sino-Bangla Venture: 13 companies to invest $13.6b
Staff Correspondent
Thirteen Bangladeshi entities and the same number of Chinese companies yesterday signed 13 joint venture agreements involving $13.6 billion to increase bilateral trade between the two countries.
Under the agreements, Chinese investors will invest in infrastructures, power, railways, sports and special economic zone, said Sun Xiao, a deputy director general of China Chamber of International Commerce.
Of the Bangladeshi bodies, 11 are private companies including Beximco Group and Meghna Group. The other two are the Ministry of Youth and Sports and state-owned Bangladesh Power Development Board.
On the Chinese side, around eight are state-owned and the rest are from the private sector, Xiao said at a media briefing after the signing ceremony at Sonargaon Hotel in Dhaka.
Under one of the agreements, a Chinese construction company will build a cricket stadium at Cox's Bazar while Beximco and Meghna signed deals for power generation.
“The 13 agreements are different from the other agreements signed over the last two days before and during the visit of Chinese President Xi Jinping in Bangladesh,” Xiao said after a forum meeting among the Bangladeshi and Chinese businessmen.
http://www.thedailystar.net/frontpage/sino-bangla-venture-13-companies-invest-136b-1298926
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So the final tally as it stands ($24.45 + $13.6) BIL = $38.06 BILLION
Obviously more details to be worked out - but, the figures stating $40Bil weren't too far off the mark.
Shotgunner51
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Good news!
It is good news for all concerned. Bangladesh obviously needs the investment and China has been very generous with concessionary loans (the stipulation of having to hire Chinese companies is not an issue for us!). It's also good for China, while this money isn't THAT big a deal to China, it does buy them favor in the long run.
umm you can see the separate articles and the nominal breakdown of figures. $24bil is govt to govt (loans and grants) and $13.6bil is private sector/joint ventures. All this money isn't being invested tomorrow - this is over a 5 year span after all....
I've listed some of the projects - multiple power plants (each more than 1000MW), highways, new rail lines (completely new paths totaling hundreds of kilometers), water treatment plant...etc etc
Not to mention - China’s outbound investment will exceed US$1.25 trillion over the next 10 years.
