The Centre will provide Rs. 587 crore for a rail project to link India and Bangladesh, union minister Jitendra Singh said on Thursday.
The project, one of the most important under the 'Act East' policy of the Narendra Modi government, will help boost trade, cultural and social ties between the two countries, the minister of state for development of north eastern region (DoNER) said.
"The main initiative of the DoNER ministry is to provide funds for the rail link between India and Bangladesh. The budget cost of Rs. 587 crore for the Indian side will be provided by the ministry, " Singh told the media here.
The ministry has received Rs. 2, 400 crore in the current fiscal compared with Rs. 2, 334. 50 crore in the last fiscal.