By Abdullah Mamun, The Daily Star

The government yesterday signed a Tk 340 crore ($44 million) loan contract with Islamic Development Bank to install the second submarine cable for the country.

“We had been trying to get the loan for the last couple of years and finally the contract was signed,” said Monwar Hossain, managing director of Bangladesh Submarine Cable Company Ltd (BSCCL).

The installation may complete by 2016, while Bangladesh entered a consortium in March this year.

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