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Bangladesh Economic & Infrastructure Development - Updates & Discussions

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PHP Glass - Pioneer of colored, laminated, soundproof and heat proof sheet glass in Bangladesh.


Matarbari Project



Padma Rail link project

 
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Less than a week after a devastating fire destroyed their possessions, small sellers are back in their old spot in BangaBazar in a swap meet scenario. Shabbash Bangladesh for your resilience! Prithibi obak takiye roi - Jjoley purey chharkhar tobu matha noabar noi !!

 
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Bangladesh to pay Russia in yuan for nuclear plant

Reuters

<p>Photo: REUTERS</p>

Photo: REUTERS

DHAKA: Bangladesh and Russia have agreed to use yuan to settle payment for a nuclear plant Moscow is building in the South Asian country, a Bangladesh government official said on Monday.

Bangladesh is constructing the first of two nuclear power plants in collaboration with Russia’s state-owned atomic company Rosatom in a $12.65 billion project, 90% of which is financed through a Russian loan repayable within 28 years, with a 10-year grace period.

“Russia wanted us to make payment in rouble but that’s not possible for us. So we have agreed to pay in Chinese yuan,” Uttam Kumar Karmaker, a senior official in the Bangladesh Economic Relations Division, told Reuters.

The project will help curb frequent power cuts which analysts expect to worsen this year as Bangladesh’s ability to import fuels has taken a hit following a rapid decline in the value of its currency and foreign exchange reserves.
 
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Bangladesh to import four LNG cargoes in June

Reuters

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DHAKA: Bangladesh will import four spot liquefied natural gas (LNG) cargoes for delivery in June to meet increased power demand over the peak summer season, the chairman of Petrobangla said.

“We purchased eight spot cargoes and we’re in the process of purchasing four cargoes in June,” said Zanendra Nath Sarker, the chairman of the Petrobangla, on Monday.

Petrobangla, in charge of LNG imports in Bangladesh, will also get five to six cargoes in June under existing long-term supply deals, another official said.

Petrobangla has been tapping the market for spot LNG imports since February, buying an average of two cargoes per month, reversing a government decision last year to halt spot purchases after prices spiked following the Russia-Ukraine war.

But Asia LNG prices have eased this year on high stockpiles and muted North Asia demand, and were down 83% from record highs at $12 per million British thermal units on Friday.

The slide in prices enabled Bangladesh to buy three spot cargoes in May on rising demand for the summer.

“Prices are softening and that’s good. We are making all efforts to ensure energy supplies to keep the economy running,” Sarker said.

“We’re also close to finalising other long-term deals with Oman and discussion is ongoing with Qatar,” he said without giving details as the deals were still being negotiated.

Bangladesh relies on imported LNG for nearly three-quarters of its power generation, amid dwindling local gas reserves and a lack of sufficient coal-fired capacity.

But the South Asian nation was forced to slash LNG imports and ration gas supplies last year, driving down power output despite a rise in demand, as global gas prices rose amid Russia’s war in Ukraine.

This led to frequent power cuts in many areas of the country despite government efforts to ration gas supplies, and resulted in a fuel shortage that forced millions of citizens into hours of darkness every week during the second half of last year.

Bangladesh’s LNG imports in 2022 fell 13% from the previous year to 4.4 million tonnes, according to data firm Kpler.

The country has imported 1.45 million tonnes of LNG so far this year.
 
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Dhaka City to Padma Bridge elevated railway

Cox's Bazaar iconic Railway Terminal

Dhaka Airport 3rd Terminal update - mgmt. ground handling and upkeep to be awarded to Japanese company for now
 
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Local companies are increasingly making more sophisticated luxury bus bodies.

Raised floor luxury sleeper coach

Double decker luxury coach

Granted - the workshops are filthy, and a two crore bus coming out of these workshops is an interesting thing.
 
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Coffee Cultivation is increasing in Bangladesh by leaps and bounds. Two main focus areas are CTG Hilltracts (Home of the famed "hilltract blend" beans as sold and roasted in Dhaka by "NorthEnd Coffee Roasters") and also as shown below, Northern areas like Rangpur - even though these aren't hilly areas on a slope. Very profitable as a cash crop and also for export.





Also - Avocado is slowly being commercially grown in Bangladesh (Kotchandpur in Jhenaidah Upazilla). This is really great because once harvested, avocadoes don't last longer than a week and cannot be exported except being air-freighted. Middle East markets could be prospective export markets for Bangladeshi growers. Crop yield typically is 120~150 pcs. per tree. Agri Extension offices locally are of invaluable help for growers.

 
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