In addition to seeking lower interest rates, Bangladesh has asked for an extension of the loan repayment period from 20 to 30 years and the waiving of associated commitment and management fees. These measures aim to alleviate the financial burden on Bangladesh as it continues to develop infrastructure projects in partnership with China. ([The Daily Star](https://www.thedailystar.net/news/bangladesh/diplomacy/news/foreign-advisers-china-tour-10-extra-years-repaying-chinese-loans-3805101?utm_source=chatgpt.com))
China has agreed in principle to extend the loan repayment period by 10 years and has assured Bangladesh that it will consider the request for reducing interest rates. Foreign Minister Wang Yi praised Bangladesh's consistent loan repayment record and emphasized the importance of the bilateral relationship. ([The Financial Express](https://today.thefinancialexpress.com.bd/first-page/china-agrees-to-extend-loan-repayment-period-for-bd-1737478694?utm_source=chatgpt.com))
Bangladesh is a significant participant in China's BRI, with several major infrastructure projects underway. Notably, the Karnaphuli Tunnel, South Asia's first underwater expressway tunnel, was inaugurated in October 2023. The project, costing approximately $1.1 billion, was partially financed by the Exim Bank of China and constructed by the China Communications Construction Company. ([Wikipedia](https://en.wikipedia.org/wiki/Karnaphuli_Tunnel?utm_source=chatgpt.com))