Inside the , the latest Position Committee to your Non-Concessional Mortgage approved the fresh Tk 1,946-crore financing

Inside the , the latest Position Committee to your Non-Concessional Mortgage approved the fresh Tk 1,946-crore financing

In the , the federal government used an excellent Tk 1,946 crore investment to help you procure 70 Metre Gauge (MG) locomotives to decrease the latest growing crisis off rail engines and you will expanding the help of Bangladesh Railway.

The fresh locomotives was in fact said to be put in the latest BR fleet contained in this , although venture regulators couldn’t actually complete the bidding processes by the period.

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Brand new deadline try extended double until the investment experience an excellent major upgrade inside 2018, if the will set you back sprang to help you Tk 2, crore. The new deadline is actually prolonged, once more, now so you’re able to .

Afterwards from inside the , BR closed a take on South Korean Hyundai Rotem Team to possess the fresh procurement. According to the contract, Hyundai Rotem try supposed to plan the desired money.

Now, the new HRC, not, desires to take out regarding investment adopting the authorities requested it to manage mellow money as opposed to low-concessional fund because the conformed because of the each party earlier, causing the project’s fate to hold on balance.

Five other Bangladesh Rail systems find themselves in a comparable situation, mainly due to intricacies over financing, then launching the fresh BR’s terrible knowledge in enterprise implementation.

The fresh new four tactics were taken up upgrade 21 Milligrams locomotives, offer technology guidelines getting developing running stock procedures, and develop the Joypurhat-Iswardi and Akhaura-Sylhet rail outlines.

Within the last ten years, Tk 5.fifteen crore was already invested pursuing the endeavor so you can procure this new 70 Mg locomotives.

Neglecting to get contractor as a result of a couple tenders, the project government floated the next one in , and you may got several years to choose Hyundai Rotem.

As per the 2018 arrangement, the business is supposed to also provide all locomotives to help you BR inside five years of contract delivering impression.

Pursuing the endeavor bodies sought views in the Monetary Interactions Office with the draft mortgage arrangement, the new ERD in the August a year ago sent the brand new Finance Division’s thoughts towards amount.

The latest Funds Division opined one soft money regarding Southern Korea or most other present shall be addressed, unlike using the low-concessional loans which come which have highest interest levels.

In the event that project authorities expected Hyundai to cope with the latest soft funds, they refuted they. Additionally said it can cancel the fresh new package.

For the January cuatro this current year, the project implementation panel made a decision to take viewpoints regarding Implementation Keeping track of and you can Investigations Section while the Central Procurement Technology Product during the this esteem, told you good BR certified.

For the , government entities acknowledged the technical advice investment — value Tk forty-five crore — for carrying away feasibility training and you will outlined activities for four institutions, also a workshop getting diesel-digital multiple equipment (DEMU) trains.

New Far eastern Invention Financial are supposed to render Tk core for the financing into really works. The newest deadline towards the venture are set for .

A consultant was also selected, nevertheless investment direction committee, contributed from the rail assistant, to not ever build the new working area getting DEMU teaches and you will get rid of it portion regarding the really works scope of agent.

However the ADB questioned to help you cancel brand new putting in a bid process and soon after informed authorities which do no further financing your panels.

Enterprise Director Taslim Ahmed Khan told you the project must be changed considering the alter and that they have already registered a revised proposition in this regard.

Asked if the venture was facing uncertainty, the guy said, «There is no way for me to say this at this time. Multiple conferences could well be kept till the up-date suggestion try enacted. The brand new project’s future would be known upcoming.»

In , the government accepted the project to possess renovating 21 Milligrams locomotives at a cost regarding Tk crore to eliminate BR’s engine drama. was set once the deadline.

PD Tabassum Binte Islam said they floated tender thrice along side past 36 months. With the exception of the initial, no one registered people proposal. The brand new submitted proposal, not, don’t be considered, she said.

BR’s poor let you know once more

«Pic [Opportunity Implementation Committee] users in a meeting [within the November a year ago] opined your venture will likely be finished,» she told you.

The 2 almost every other ideas — Tk fourteen, crore Joydebpur-Ishwardi double-range endeavor together with Tk 16, crore Akhaura-Sylhet twin gauge investment — have been recognized 3 years before.

But the Primary Minister’s Place of work, after the a great committee’s opinion, inside led the latest BR to help you clipped Tk 1, crore about will cost you of your Joydebpur-Ishwardi project.

But designers out of each other strategies rejected to help you just do it. The newest Chinese regulators also denied to provide funds for the Joydebpur-Ishwardi investment.

This new ministry from inside the November just last year had written to help you ERD asking they to search for alternative financing sources for both the methods following the new directives out of PMO.

BR officials told you Japan shows demand for money the newest Joydebpur-Ishwardi opportunity. But even if The japanese is found on panel, it takes three years to start the fresh new actual work, it told you.

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