Eastern Refinery Limited (ERL). Photo: Collected
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Eastern Refinery Limited (ERL). Photo: Collected
The government signed a $1 billion loan agreement with the Islamic Development Bank (IsDB) on today (3 September) to finance the construction of the second unit of Eastern Refinery Limited (ERL) in Chattogram, a major project aimed at strengthening Bangladesh’s energy security, according to Prime Minister’s Press Wing.
The loan was approved at a meeting of the Standing Committee on Non-Concessional Loan (SCNCL), chaired by Finance Minister Amir Khosru Mahmud Chowdhury, on 7 July.
More to follow…..
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