Bangladesh and South Korea are deepening their cooperation in infrastructure development, with officials from both nations exploring opportunities for new partnerships and projects. This move reflects a shared ambition to upgrade Bangladesh’s transport and energy systems for long-term economic benefits. Since establishing diplomatic relations in 1973, South Korean firms have played a significant role in Bangladesh’s development. A total of 111 Korean companies have been involved in 210 infrastructure initiatives, including landmark projects such as the Jamuna Multipurpose Bridge and the Dhaka–Chattogram highway. In recent discussions, both governments emphasized expanding this collaboration through public–private partnerships (PPPs). A joint roadshow in Dhaka brought together agencies like the Public-Private Partnership Authority (PPPA), the Bridge Authority, Power Development Board, roads and highways, water supply bodies, and rail and metro authorities. Over a dozen Korean firms—such as Samsung C&T, Hyundai Construction, POSCO, and GS—expressed keen interest in new ventures. South Korea also supports financing mechanisms like concessional loans and the Economic Development Cooperation Fund (EDCF). To date, around $1.2 billion in loans have been earmarked for 24 infrastructure projects. A new $700 million framework agreement with the Korean Exim Bank will further boost project funding through 2025. Key areas of interest include planned mega-projects such as the Meghna bridge, Dhaka–Mymensingh highway, Dhaka circular railway, Matarbari–Madunaghat electricity line, and the urban electrification of Purbachal New Town—all under the G2G PPP framework . South Korea’s technical expertise is also being sought for large-scale projects like metro rail systems and airport infrastructure, including work on Metro Rail lines 4 and 5. From Bangladesh’s standpoint, these partnerships offer more than infrastructure. They can attract foreign investment, create jobs, and streamline trade by improving logistics and connectivity. Recent data showed bilateral trade between Bangladesh and South Korea reached $3 billion in 2023—up 38.7% from the previous year—highlighting the importance of solid infrastructure to support growing commerce. Alongside high-value construction projects, initiatives like the BASIS Korea Desk aim to expand cooperation in IT outsourcing. This shows the relationship’s expanding scope across multiple industries. In conclusion, the renewed focus on infrastructure cooperation between Bangladesh and South Korea is a strategic advancement. By combining South Korea’s engineering strengths, financial tools, and long-term vision with Bangladesh’s infrastructure needs, both countries can drive sustainable economic growth. As these plans move forward, strengthened infrastructure will support broader commercial and technological development, helping Bangladesh reach its 2041 development ambitions.
