India and Bangladesh have signed a memorandum of understanding (MOU) to allow transport of equipment for a power plant in India’s north eastern state, Tripura.
For Tripura’s 726MW Palatana power project, a total of 96 Over-Dimensional Cargoes (ODCs) will be carried through Bangladesh, according to The Daily Star.
Under the agreement, Indian cargo will start from West Bengal’s Raimongal and enter Bangladesh at Angtihara and go up to Ashuganj river port by inland waterways.
India will not pay any fees or service charges for this transit; however, it will provide Bangladesh Taka 255m ($3.6m) for the development of Ashuganj river port terminal and 49km of roads.
The MOU is the first such multi-modal transit accord signed by Bangladesh allowing access by land since 1965.