Bangladesh Railway (BR) on Thursday signed an agreement with Korean company Hyundai Rotem to purchase 10 metre-gauge locomotives at a cost of Tk 2.97 billion (Tk 297.63 crore).
BR Additional Director General (rolling stock) Md Shamsuzzaman and Hyundai Rotem Director (Global Rail) Kwang-Kyun-Yoon signed the deal on behalf of the respective institutions.
Railways Minister Md Mazibul Hoque, Secretary Md Mofazzel Hossain and BR Director General Md Amzad Hossain were present on the occasion.
According to the deal, Hyundai Rotem will provide engines within 24 months. The engines will be purchased with the finance of Asian Development Bank (ADB), reports BSS.
