The Bangladeshi government has signed three agreements with Chinese and Thai firms on the country's first-ever metro rail project.

Dhaka Mass Transit Company Limited (DMTCL), a state-owned enterprise founded to implement the metro rail lines across the Dhaka city, signed the separate contract packages (CPs) including CP-2, CP-3 and CP-4 worth over Tk 58.26 billion ($719 million) with the firms, Italian-Thai Development Public Company Limited, a Thailand-based construction firm, and Chinese state-owned Sinohydro Corporation Limited, reports China Daily.

Under the agreements, the firms will build metro rail tracks, stations and depot of the long cherished 20.1-km Mass Rapid Transit (MRT) Line-6 that will connect Dhaka North with Dhaka South through 16 stations, the report said.

According to the project, the package CP-2 is for the civil and building works of the depots, while CP-3 and CP-4 are for the construction of metro rail tracks and elevated stations.

Officials of DMTCL, Italian-Thai Development Public Company Limited, and Sinohydro Corporation Limited signed the agreements on behalf of their respective sides at a ceremony on Wednesday in Dhaka.

Sinohydro signed the deal worth Tk 15.96 billion for CP-2 while Italian-Thai Development Public Company Limited signed deal for all the three packages.