In a move that raises eyebrows in India, Bangladesh is poised to secure a significant loan from China for the Teesta project. The loan, totaling 6700 crore taka, signifies China’s growing financial footprint in the region. The project is closely linked with India.
The Teesta project gained increased momentum following a visit by Bangladesh’s chief advisor, Professor Muhammad Yunus, to China. The financial agreements are planned to be finalized before the end of the year. Both China and India have indicated interest in the project.