A signing ceremony of a long-term loan facility was held between Infrastructure Development Company Limited (IDCOL) and BRAC University at the BRAC Centre in Dhaka on Wednesday.
Under this facility, BRAC University will avail long-term financing of up to Tk 4.5 billion from IDCOL for the construction of its new campus located at Badda in Dhaka.
Alamgir Morshed, Executive Director & CEO, IDCOL, and Tamara Hasan Abed, Chairperson, Board of Trustees, BRAC University, signed an agreement to this end.
Nazmul Haque, Chief Investment Officer, IDCOL; Mohammed Zahidul Haque, Sr. Vice President & Unit Head (Industrial & Energy Efficiency Finance); Ariful Islam, Chief Financial Officer, BRAC University; and Prof. Mahboob Rahman, Treasurer, BRAC University; were present on the occasion.
