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Asian Development Bank Urges Bangladesh to Decide on Asia Energy and Tata Projects


Visiting Asian Development Bank (ADB) mission led by Kunio Senga urged Bangladesh to come to a decision about investment proposals of coal mining company Asia Energy and Tata's $2.5 billion proposal on gas-based steel industry and power plant.

Kunio Senga met with Bangladesh Finance Adviser Mirza Azizul Islam.

After the meeting Mr. Islam said Asia Energy has expressed its willingness to re-negotiate terms of its contract with the government but that before this re-negotiation, the government must decide which contractual terms should be revised.


At the meeting, the ADB expressed its concern that the government's indecision about the investment proposals of Asia Energy and Tata was giving 'investors a wrong signal.'

Amir Khasru has more on the story.

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