DHAKA, March 10 (Reuters) - Japan will provide $1.04 billion
in loans to Bangladesh to fund four infrastructure projects,
including a renewable energy development project, a statement
from the Finance Ministry of Bangladesh said on Sunday.
The head of the Economic Relations Division of Bangladesh's
Finance Ministry and the Ambassador of Japan to Bangladesh
signed the agreements on Sunday.
One of the projects will be for construction of a four lane
bridge between Dhaka and the port city of Chittagong to cope
with the increasing traffic volume.
The renewable energy project was aimed at increasing power
supply and the diversification of energy source.
The loans will carry 0.01 percent annual interest, and are
repayable in 40 years, with a 10-year grace period.
Japan is Bangladesh's largest bilateral development partner,
having provided or committed more than $11 billion since 1971.
(Reporting By Serajul Quadir; Editing by Michael Perry)