22 Feb 2022

During the , the brand new Standing Committee on Non-Concessional Financing accepted the newest Tk step one,946-crore money

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During the , the brand new Standing Committee on Non-Concessional Financing accepted the newest Tk step one,946-crore money

Inside the , government entities used a good Tk step one,946 crore endeavor to procure 70 Metre Determine (MG) locomotives so you’re able to decrease brand new expanding drama away from rail engines and increasing the services of Bangladesh Railway.

The fresh new locomotives was in fact said to be placed into the fresh BR collection in this , nevertheless the enterprise bodies could not even complete the putting in a bid techniques of the the period.

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The new due date are expanded double till the opportunity had a beneficial major revise into the 2018, in the event the will set you back jumped to help you Tk 2, crore. This new deadline was offered, again, now in order to .

Later on in , BR signed a take on Southern area Korean Hyundai Rotem Team to possess brand new procurement. As per the agreement, Hyundai Rotem is actually meant to plan the required loans.

Now, new HRC, but not, desires sign up for in the investment pursuing the bodies asked it to deal with smooth loans instead of low-concessional loans just like the agreed because of the each party earlier, inducing the project’s destiny to hang regarding equilibrium.

Four most other Bangladesh Railway methods find themselves in a comparable problem, due primarily to intricacies more financing, next adding the new BR’s terrible feel when you look at the enterprise execution.

The new four methods have been taken up remodel 21 Mg locomotives, bring tech recommendations to have developing going inventory procedures, and you may expand the fresh try this new Joypurhat-Iswardi and you will Akhaura-Sylhet train lines.

During the last ten years, Tk 5.15 crore had been invested adopting the endeavor so you can procure the new 70 Mg locomotives.

Failing woefully to get company owing to a couple of tenders, your panels regulators floated the third one out of , and took number of years to pick Hyundai Rotem.

As per the 2018 agreement, the organization is supposed to also provide all of the locomotives in order to BR inside 5 years of one’s offer taking impact.

Pursuing the opportunity government sought for viewpoints about Economic Interactions Department towards the draft loan contract, the newest ERD during the August a year ago sent the newest Finance Division’s view to the matter.

The new Funds Division opined one mellow money out of South Korea or most other sources will be addressed, instead of using the non-concessional financing that can come with large interest rates.

If enterprise regulators questioned Hyundai to handle the fresh mellow money, it rejected it. In addition told you it could terminate the new price.

To the January 4 in 2010, your panels execution committee decided to simply take views in the Implementation Keeping track of and Evaluation Division and Main Procurement Technical Device from inside the it admiration, told you a great BR certified.

Within the , the us government approved the fresh technology advice opportunity — value Tk 45 crore — to carry aside feasibility education and you can detailed designs to own four organizations, and a seminar getting diesel-digital multiple unit (DEMU) trains.

The newest Asian Invention Bank try meant to provide Tk core within the mortgage towards performs. The latest deadline with the opportunity try in for .

A consultant has also been selected, nevertheless the endeavor direction committee, added from the rail assistant, not to ever generate new working area to have DEMU trains and you will miss that it part regarding the works extent of agent.

Nevertheless ADB expected so you can terminate this new putting in a bid procedure and later informed regulators that it carry out no further money your panels.

Opportunity Movie director Taslim Ahmed Khan said your panels has to be changed as a result of the transform and that they have submitted a revised proposition in connection with this.

Asked perhaps the endeavor try against suspicion, he said, “It’s impossible personally to say this now. Several conferences might possibly be kept till the upgrade offer is introduced. New project’s fate will be identified upcoming.”

When you look at the , the government approved the project to possess remodeling 21 Milligrams locomotives during the a payment regarding Tk crore to eliminate BR’s engine drama. is actually put because the due date.

PD Tabassum Binte Islam told you they floated tender thrice across the last 3 years. Except for the first, no one submitted any proposition. The fresh new submitted proposition, not, don’t qualify, she told you.

BR’s terrible let you know once again

“Picture [Enterprise Execution Committee] participants for the a meeting [in the November this past year] opined that endeavor are ended,” she said.

Both other strategies — Tk fourteen, crore Joydebpur-Ishwardi twice-range endeavor together with Tk sixteen, crore Akhaura-Sylhet twin evaluate investment — were accepted three years ago.

However the Prime Minister’s Work environment, following the a good committee’s opinion, during the led brand new BR in order to cut Tk 1, crore about costs of your Joydebpur-Ishwardi opportunity.

However, designers away from one another strategies rejected in order to just do it. New Chinese regulators as well refuted to incorporate fund to your Joydebpur-Ishwardi investment.

The ministry inside the November this past year published so you’re able to ERD asking they to search for solution financing sources for the strategies following brand new directives regarding PMO.

BR officials said The japanese shows need for capital this new Joydebpur-Ishwardi project. However, even when The japanese is on panel, it will take 36 months to start the fresh new real works, they told you.