DHAKA, Dec. 10 (Xinhua) -- Bangladesh will get Japanese loan assistance of 324 million U.S. dollars for implementing three projects in power, railway construction and water management.

    To this effect, an agreement will be signed Tuesday by the representatives from the two sides, a Japan Embassy release was quoted by private news agency UNB as saying Monday.

    Under the agreement, Japan will provide the loan assistance to the Bangladesh through Japan Bank for International Cooperation (JBIC) for the implementation of three projects including a power plant development project, Dhaka-Chittagong (southeastern port city) Railway Development Project and Small Scale Water Resources Development Project.

    The conditions of the loan are the most generous. The interest rate is 0.01 percent per annum and the repayment period is 40 years inclusive of 10-year grace period for the three loans.