Dhaka, Sept. 25 -- The standing committee on non-concessional loan approved seven hard-term loans worth US$1.44 billion at its meeting on Wednesday, officials said.

This is the largest amount of hard-term loans, approved by the committee in one sitting, within the tenure of this interim government, they said.

Chaired by Finance Advisor Dr Salehuddin Ahmed, the committee in Dhaka approved the loans from the Asian Development Bank, European Investment Bank (EIB), Islamic Development Bank and Asian Infrastructure Investment Bank (AIIB), Economic Relations Division officials said.

Of them, the three fresh loans from ADB accounted for $649 million.

According to ERD, the ADB would provide $508 million for the Chattogram-Dohazari railway lin...