By Siddique Islam - All Headline News Foreign Correspondent

Washington, D.C. (AHN) - The World Bank (WB) approved on Thursday a $40 million credit to support the government of Bangladesh to modernize and reform the railway sector.

The Bangladesh Railway Reform Programmatic Development Policy Credit is the first of two operations that will assist the government in improving the governance structure of Bangladesh Railway.

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It is designed to enhance the railway capability to provide effective service to passengers and businesses, reverse the declining trend in rider ship, and reduce the financial losses of the railway system.

Posted by pichu at October 20, 2006 10:30 PM