Cabinet body clears sugar purchase proposal

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The Cabinet Purchase Committee at a meeting Sunday approved a proposal for the import of 27,500 tonnes of sugar, reports UNB.
Each tonne of sugar will cost US$655.95.
A total of four proposals were placed at the meeting, but of them only one got the cabinet body approval.
Of the proposals, the meeting sent back a proposal for borrowing $ 327 million from two international banks for procuring two passenger aircraft by Biman. It asked the Civil Aviation and Tourism Ministry to settle the issue with the Ministry of Finance.
"This is no longer a matter of the cabinet purchase body. The Civil Aviation Ministry will settle the issue sitting with the Finance Ministry," Finance Minister AMA Muhith, who presided over the meeting, told reporters after the meeting.
The Ministry of Civil Aviation and Tourism had moved the proposal for borrowing a total of $ 327 million, of which $262 million from JP Morgan and $65 million from Standard Chartered Bank.
Another proposal was on appointment of US-based firm Space Partnership International (SPI) as a consultant for a satellite launching project involving $6.30 million. But the meeting did not discuss the proposal as the Telecommunication Minister and its secretary were absent at the meeting.
The meeting also refrained from giving its nod to a Shipping Ministry' s proposal for procuring six suction dredgers. Instead, it asked the ministry to further review the proposal.