Brac University signed an agreement with Infrastructure Development Company Limited (Idcol) yesterday for a term loan facility.
Alamgir Morshed, executive director of Idcol, and Tamara Hasan Abed, chairperson of the Board of Trustees of Brac University, inked the deal, said a press release.
Under the facility, the university will avail Tk 450 crore for the construction of its new campus in the capital's Badda.
Nazmul Haque, chief investment officer of Idcol, Mohammed Zahidul Haque, senior vice-president, and Ariful Islam, chief financial officer of the university, and Prof Mahboob Rahman, treasurer, were present.
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