Inside the , the federal government took up a great Tk 1,946 crore project to help you procure 70 Metre Determine (MG) locomotives so you’re able to decrease the new increasing crisis from rail motors and expanding the help of Bangladesh Rail.
The latest locomotives was in fact supposed to be added to the fresh new BR collection inside , although venture authorities cannot also complete the putting in a bid techniques by the the period.
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Brand new deadline is actually expanded twice till the enterprise had a good big revise during the 2018, if costs popped to Tk 2, crore. The fresh deadline was lengthened, once again, this time to help you .
Later during the , BR finalized a take on South Korean Hyundai Rotem Team to possess the new procurement. As per the agreement, Hyundai Rotem try supposed to plan the necessary funds.
Now, the fresh HRC, not, would like to remove in the enterprise after the regulators expected it to handle mellow funds as opposed to low-concessional financing given that conformed from the each party before, resulting in the project’s future to hang on the equilibrium.
Five other Bangladesh Rail projects find themselves in an identical problem, due mainly to complexities more than financial support, further presenting the latest BR’s bad feel inside project execution.
The latest five plans had been taken to remodel 21 Mg locomotives, bring technology direction getting development moving stock businesses, and you will expand the newest Joypurhat-Iswardi and you may Akhaura-Sylhet rail traces.
In the last ten years, Tk 5.15 crore was already spent adopting the endeavor so you’re able to procure this new 70 Milligrams locomotives.
Failing to get builder using a couple tenders, the project government floated the third one in , and got four years to choose Hyundai Rotem.
According to the 2018 arrangement, the organization are designed to also provide all locomotives so you’re able to BR inside 5 years of the bargain bringing impact.
Pursuing the enterprise authorities tried feedback in the Financial Affairs Section to the write financing agreement, the newest ERD within the August this past year forwarded brand new Financing Division’s advice on count.
Brand new Fund Office opined one delicate finance from Southern area Korea otherwise most other supply can be managed, unlike taking the low-concessional money that can come that have large rates.
When the project bodies asked Hyundai to manage new smooth financing, it refuted it. Additionally, it told you it could terminate the brand new deal.
Towards the January cuatro this current year, the project implementation committee made a decision to get views on Implementation Overseeing and you will Investigations Division and the Central Procurement Technical Device when you look at the so it admiration, told you an effective BR formal.
During the , government entities approved the technical recommendations venture — well worth Tk forty-five crore — to carry aside feasibility education and you may in depth models to have four associations, as well as a seminar to have diesel-electronic multiple unit (DEMU) teaches.
The fresh Far eastern Advancement Bank try meant to promote Tk key from inside the financing to the works. This new deadline on venture was set for .
A consultant has also been picked, nevertheless the investment direction panel, provided of the rail assistant, never to make the brand new working area to have DEMU trains and you may miss so it piece regarding really works scope of your own agent.
Nevertheless the ADB asked so you can terminate the newest bidding process and later told bodies which carry out no further fund the project.
Enterprise Director Taslim Ahmed Khan said the project has to be revised as a result of the change and that they have previously filed a changed proposition in connection with this.
Questioned whether or not the opportunity are facing suspicion, the guy said, “There is no way for me to state this today. Multiple group meetings would-be stored through to the revision proposal is introduced. The fresh new project’s fate would be recognized following.”
For the , the government approved the project to have remodeling 21 Milligrams locomotives during the a repayment from Tk crore to settle BR’s engine drama. is set just like the due date.
PD Tabassum Binte Islam said it floated tender thrice across the past three years. With the exception of the initial, no-one registered one proposition. The submitted suggestion, although not, did not meet the requirements, she said.
BR’s bad show yet again
“Picture [Endeavor Implementation Panel] members in an event [during the November last year] opined the enterprise might be finished,” she said.
Both most other ideas — Tk fourteen, crore Joydebpur-Ishwardi double-line enterprise and Tk sixteen, crore Akhaura-Sylhet twin gauge project — had been approved three-years in the past.
But the Best Minister’s Workplace, https://paydayloansexpert.com/title-loans-wi/ pursuing the a beneficial committee’s opinion, into the led the fresh new BR to reduce Tk step 1, crore regarding will cost you of Joydebpur-Ishwardi enterprise.
But builders out-of one another plans declined in order to just do it. The fresh Chinese authorities as well rejected to provide funds towards Joydebpur-Ishwardi endeavor.
The fresh new ministry in November last year blogged so you can ERD asking they to look for option financing offer for both the tactics following the directives off PMO.
BR officials told you The japanese has revealed need for capital the fresh Joydebpur-Ishwardi endeavor. However, even in the event The japanese is found on panel, it needs three years to begin with brand new real performs, they said.
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