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Govt to purchase 10 vessels | Tk 2,777cr proposal okayed
Govt to purchase 10 vessels
Tk 2,777cr proposal okayed
Rejaul Karim Byron
The government is going to purchase 10 ships from China and Italy at a cost of Tk 2,777 crore under state arrangement.
Of the ships, four will be bought from Italy at a cost of Tk 965 crore to improve naval capability of Bangladesh Coast Guard.
Six other ships will be purchased from China National Machinery Import & Export Corporation (CMC) for Bangladesh Shipping Corporation (BSC) at a cost of Tk 1,812 crore.
The cabinet committee on purchase yesterday approved two separate proposals for purchasing the ships.
Of the four ships, two will be delivered within one year while the rest in two years' time from the date of signing of an agreement, according to the home ministry proposal.
The payment for ships will be made from the government's own fund in nine instalments within four years' time.
All the four ships, used by the Italian Navy, will be turned into Off-shore Patrol Vessels (OPVs) before purchasing them.
The proposal also said Bangladesh gained more sea area as the maritime boundary with India and Myanmar had been demarcated by an international court.
As the Coast Guard does not have any deep-sea ships to patrol the large swath of maritime boundary, the government has decided to buy or build eight OPVs, it said.
Of the six ships to be purchased for BSC, three are oil tankers valued at $36.20 million per tanker and three bulk carriers valued at $25.30 million per carrier, according to the shipping ministry proposal.
These ships are being procured under Chinese concessional loans financed by Chinese Exim Bank at 2 percent interest rate and under a repayment period of 20 years with a five-year grace period.
At present, BSC has a fleet of only eight ships, the average age of which are over 30 years, said the proposal.
No ship was added to the fleet since 1991 due to high prices.
Published: 12:00 am Thursday, March 05, 2015
Govt to purchase 10 vessels
Tk 2,777cr proposal okayed
Rejaul Karim Byron
The government is going to purchase 10 ships from China and Italy at a cost of Tk 2,777 crore under state arrangement.
Of the ships, four will be bought from Italy at a cost of Tk 965 crore to improve naval capability of Bangladesh Coast Guard.
Six other ships will be purchased from China National Machinery Import & Export Corporation (CMC) for Bangladesh Shipping Corporation (BSC) at a cost of Tk 1,812 crore.
The cabinet committee on purchase yesterday approved two separate proposals for purchasing the ships.
Of the four ships, two will be delivered within one year while the rest in two years' time from the date of signing of an agreement, according to the home ministry proposal.
The payment for ships will be made from the government's own fund in nine instalments within four years' time.
All the four ships, used by the Italian Navy, will be turned into Off-shore Patrol Vessels (OPVs) before purchasing them.
The proposal also said Bangladesh gained more sea area as the maritime boundary with India and Myanmar had been demarcated by an international court.
As the Coast Guard does not have any deep-sea ships to patrol the large swath of maritime boundary, the government has decided to buy or build eight OPVs, it said.
Of the six ships to be purchased for BSC, three are oil tankers valued at $36.20 million per tanker and three bulk carriers valued at $25.30 million per carrier, according to the shipping ministry proposal.
These ships are being procured under Chinese concessional loans financed by Chinese Exim Bank at 2 percent interest rate and under a repayment period of 20 years with a five-year grace period.
At present, BSC has a fleet of only eight ships, the average age of which are over 30 years, said the proposal.
No ship was added to the fleet since 1991 due to high prices.
Published: 12:00 am Thursday, March 05, 2015
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