Korean, Chinese JV to realise toll at Padma Bridge
Govt to procure 100,000 tonnes fertiliser
April 08, 2022 00:00:00
A joint venture (JV) of Korean and Chinese companies was appointed for ensuring maintenance and realising toll at the Padma Multipurpose Bridge, report agencies.
The government Thursday approved a proposal for appointing the joint venture (JV) of Korea Expressway Corporation (KEC) and the China Major Bridge Engineering Company Ltd (MBEC) for the next five years.
The approval came from the 12th meeting of the Cabinet Committee on Government Purchase (CCGP) in this year held Thursday virtually with Finance Minister AHM Mustafa Kamal in the chair.
According to the decision of the meeting, the government will procure 100,000 tonnes of fertiliser from Saudi Arabia, Qatar and local company Kafco.
Briefing reporters after the meeting, the Finance Minister said that the day's CCGP meeting approved a total of 10 proposals out of 11 proposals as the ICT Division withdrew a proposal on Establishing Digital Connectivity (EDC) project.
Joining the briefing virtually, Cabinet Division Additional Secretary Md Zillur Rahman Chowdhury said that following a proposal from the Bridges Division, the Korean and Chinese joint venture would act as the service provider/operator for the Padma Bridge for the next five years at a cost of Tk 6.92 billion.
As per the approvals, Bangladesh Agriculture Development Corporation (BADC) will import 40,000 tonnes of DAP fertiliser at Tk 3.39 billion from Ma'dan of Saudi Arabia while Bangladesh Chemical Industries Corporation (BCIC) will import 30,000 tonnes of bulk prilled urea fertiliser from Muntajat of Qatar at Tk 2.47 billion.
Another 30,000 tonnes bagged granular urea from local Karnaphuli Fertiliser Company (Kafco) at Tk 2.42 billion.
The BCIC also received a nod from the committee to import 10,000 tonnes of phosphoric acid from RK Enterprise, Dhaka at Tk 829.4 million.