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Sunday, June 10, 2012
Deal to get 16 more Indian locomotives
Deal to get 16 more Indian locomotives
Star Online Report
Bangladesh Railway (BR) on Sunday signed a Tk 609-crore deal with Indian RITES Ltd to procure 16 broad-gauge locomotives.
As per the agreement, the Indian company will start supplying the locomotives after 18 months from now.
Of the total, India will provide Tk 428 crore while the remaining will be paid by Bangladesh government. Each locomotive will cost Tk 25.57 crore.
The BR is purchasing the engines under the $1 billion dollar line of credit provided by India to Bangladesh for different infrastructural development.
Bangladesh Railway Joint Director General Md Shamsuzzaman and director of RITES Ltd signed the deal at noon at the Railway Bhaban in the capital.
Communications Minister Obaidul Quader, also in-charge of railway ministry, BR Secretary Fazle Kabir and BR Director General Abu Taher were present there.
Earlier on January 31, Bangladesh Railway sealed a Tk 349 crore deal with the same company to procure 10 broad-gauge diesel-electric locomotives in the next eighteen months.
Deal to get 16 more Indian locomotives
Deal to get 16 more Indian locomotives
Star Online Report
Bangladesh Railway (BR) on Sunday signed a Tk 609-crore deal with Indian RITES Ltd to procure 16 broad-gauge locomotives.
As per the agreement, the Indian company will start supplying the locomotives after 18 months from now.
Of the total, India will provide Tk 428 crore while the remaining will be paid by Bangladesh government. Each locomotive will cost Tk 25.57 crore.
The BR is purchasing the engines under the $1 billion dollar line of credit provided by India to Bangladesh for different infrastructural development.
Bangladesh Railway Joint Director General Md Shamsuzzaman and director of RITES Ltd signed the deal at noon at the Railway Bhaban in the capital.
Communications Minister Obaidul Quader, also in-charge of railway ministry, BR Secretary Fazle Kabir and BR Director General Abu Taher were present there.
Earlier on January 31, Bangladesh Railway sealed a Tk 349 crore deal with the same company to procure 10 broad-gauge diesel-electric locomotives in the next eighteen months.