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News From Bangladesh

Discussion in 'All Non Military Discussion' started by ~Phoenix~, Oct 8, 2016.

  1. ~Phoenix~ Bangladesh

    ~Phoenix~ Mi Captain MI.Net Member

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    Bangladesh sets sights high on $1000 billion investment

    The government now sets sights high on US$ 1.0 trillion investment for elevating Bangladesh to a developed nation. To this end, an international projection will be arranged in Dhaka this month.

    Dhaka Chamber of Commerce and Industry (DCCI) will organise the seminar titled 'New Economic Thinking for Bangladesh: 2030 and Beyond' on December 21, sources in the business circles said.

    Prime Minster Sheikh Hasina will inaugurate the event. There will be five sessions apart from the opening and concluding plenary.

    Several hundred people, including ministers, entrepreneurs, economists, consultants, researchers from developed and emerging markets, will deliver their thoughtful perceptions on changing dynamics of South Asian Association for Regional Cooperation (SAARC), European Union (EU), Association of South East Asian Nations (ASEAN) and North American Free Trade Agreement (NAFTA) and in particular on Bangladesh future.

    They (international dignitaries) will share their thoughtful and innovative ideas with the local businesspeople and government officials.

    They will also share their perceptions on practical solutions for sustainable development through global innovative efforts.

    Besides, representatives from leading companies, venture-capital firms, academic institutions and non-governmental organisations (NGOs) from around the globe are expected to join the investment-promotion event.

    The five sessions are: Bangladesh's Energy Economy, Water and Land Resource Management-Sustainability and Environment Impact, Era of Infrastructure: Bangladesh Context, Sustainable Development Goals (SDGs) 2030 and the Next Billion Dollar Opportunities in Bangladesh.

    The seminar will come up with a 'national action plan' with the recommendations of experts for achieving a long-lasting economic development.

    World economic growth is hovering around 3.0 to 3.5 per cent (1.5 per cent growth by Europe, 2.4 per cent by USA, 3.4 per cent by Sub-Saharan economies and around five (5.0) per cent by Asian economies).

    "Bangladesh has managed a steady ascending curve in growth over the last two decades, which now stands at 7.11 per cent," according to the DCCI.

    Bangladesh is projected to graduate to a middle-income country (MIC) by 2021 featured by eight (8) per cent gross domestic product (GDP) growth, 34 per cent private investment and 31 per cent industrial growth.

    The country could be 30th-largest economy by 2030, having a double-digit economic growth and $6,000 per-capita income, and is likely to join the club of developed economies by 2041 through a glorious paradigm shift from conventional economy.

    President of DCCI Hossain Khaled said Bangladesh is moving forward with the improvement of quality of life and other perspectives.

    "The seminar will help us to counter the obstacles in our economic advancement. Our vision is ambitious, which is to reshape the path of economic growth," he said.

    "Thoughtful deliberations of outstanding individuals from around the globe will help contribute to national economic policy reforms and set realistic action plan that will lift Bangladesh to the ranks of developed economies within the next 30 years," he said.

    Group President of GIC, Singapore, Lim Siong Guan, British Parliament member Rushan Ara Ali, Columbia University Professor Jeffrey D Sachs, country manager for Bangladesh, Bhutan and Nepal, the International Finance Corporation, the World Bank Group, Wendy Jo Werner, Senior Project Manager, Gate 21, denmark, Anders Hasselager, Head of Business Development, ME SOLshare Ltd, Bangladesh Daniel Ciganovic, Professor, Water Diplomacy, The Fletcher School of Law and Diplomacy Shafiqul Islam, University of Paris XII Professor Remy Prudhomme, Director of Suez Branch Jean Claude Seropian and senior representative of Japan International Cooperation Agency (JICA), Bangladesh office, Taku Yamabe are among the dignitaries to participate in the upcoming international visionary seminar.
  2. ~Phoenix~ Bangladesh

    ~Phoenix~ Mi Captain MI.Net Member

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    Bangladesh signs MoU with China on Payra Deep-sea Port construction
    in Port News 12/12/2016

    Bangladesh has inked 2 memorandums of understanding (MoU) worth $600 million with two Chinese companies for the construction of 2 of the 19 components of the Payra Deep-sea Port at Bangladesh Secretariat yesterday afternoon.

    China Harbour Engineering Company Limited(CHEC) is to construct the of core port infrastructure and China State Construction Engineering Corporation (CSCEC) is to execute the riparian liabilities and construct housing, healthcare and education facilities in Payra seaport, according to the MoUs.

    Commodore M Saidur Rahman BN acting chairman of the Payra seaport, Ml Zeng Nanhai CHEC joint managing director and Li Shujiang CSCEC managing director (overseas operation) signed the MoUs on behalf of their respective organisations.

    Shipping Minister Shajahan Khan and Secretary Ashok Madhab Ray were present at the signing ceremony.

    Prime Minister Sheikh Hasina inaugurated the partial operation of Payra seaport on August 13 this year to keep up the pace of GDP growth. The port development work is going on with a number of short, mid and long-term plans. The government eyes to implement all the 19 components and build a world class port by 2023.

    Shipping Minister Shajahan Khan said: “the port authority has already bagged Tk17 crore as revenue in four months after the inauguration of the port.”

    The two Chinese companies will start their operation as soon as the financial agreements are done, he added.
  3. ~Phoenix~ Bangladesh

    ~Phoenix~ Mi Captain MI.Net Member

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    President Mahmoud Abbas' visit to Bangladesh to be extremely important: Head of mission
    Nurul Islam Hasib - bdnews24.com

    Published: 2017-01-31 23:02:30.0 BdST Updated: 2017-01-31 23:31:43.0 BdST

    • [​IMG]
      Palestinian President Mahmoud Abbas attends a joint a news conference with Polish President Andrzej Duda in the West Bank town of Bethlehem on Jan 18, 2017. Reuters
    Palestine considers the official visit of its President Mahmoud Abbas to Bangladesh “extremely important” because it will expand the relations.

    “I just want to say that as much as the visit is important to Bangladesh, it is extremely important for Palestine because we are keen to develop this relation and do everything possible to make this relations very firm one,” Palestine embassy’s Head of Mission in Dhaka Yousuf SY Ramadan told bdnews24.com on Tuesday in an interview.

    Abbas will arrive in Dhaka on Wednesday (Feb. 1) in a special flight on a three-day visit at the invitation of President Md Abdul Hamid, who will receive him at the airport. Prime Minister Sheikh Hasina will see him off at the airport.

    Bangladesh is a staunch supporter of Palestine’s cause and always in favour of establishing the State of Palestine on the basis of the 1967 borders, with East Jerusalem as its capital.

    Dhaka consistently says that this support is based on principle, not any interest, which is derived from its constitutional obligation “to support oppressed peoples throughout the world waging a just struggle against imperialism, colonialism, or racialism”.

    “We are extremely happy that the visit is taking place. We believe this visit will enhance the Bangladesh-Palestine relations. It will play an important role in the development of Bangladesh-Palestine relations,” the head of mission said.

    “The basis of the relations is already there. And the president will come to build on that,” he said, “We are at the heart of the people of Bangladesh, we feel that.”

    “We are extremely proud of such kind of people, such kind of relations. That’s why we should develop it, protect it, and cherish it,” he said while discussing the visit.

    Through the visit, he said, the world would get “one clear message that no one will be able to endanger the relations between Bangladesh and Palestine. This is a very clear message. Both sides are very keen to maintain the relations”.

    “The support will remain. This is firm and based on principle, not based on any interest,” he said.

    Abbas will meet President Hamid and will have the bilateral meeting with Prime Minister Hasina when they will discuss bilateral, regional and international issues of “common interest,” the foreign ministry earlier said.

    He will also visit the National Memorial in Savar to pay homage to the martyrs of Bangladesh’s War of Independence.

    The Palestine president will also visit Bangabandhu Museum at Dhanmondi 32 where the Father of the Nation Sheikh Mujibur Rahman was assassinated in 1975.

    Head of Mission Ramadan said Bangladesh’s Leader of the Opposition Raushon Ershad would also meet Abbas at Hotel Le Meridian where he will be staying.

    Hamid will host a banquet in his honour at the Bangabhaban.

    During the visit, an MoU on inter-governmental coordination of bilateral, regional and international issues headed by the two foreign ministers would be signed.

    Ramadan said there would be an announcement of the waiver of visa for Palestinian diplomats.

    The two leaders will also discuss relations on agriculture, energy and power, and also on future intelligence cooperation issues.

    On Dec 11, 2016, both sides signed an agreement on energy and power sector cooperation under which Palestinian companies are invited to come to Bangladesh and invest.

    At least 100 military and civil students are studying in Bangladesh on scholarships.

    Dhaka always backs the demand for Palestine’s “full membership” in the UN.

    The UN Security Council adopted a resolution demanding an end to Israeli settlement building in December after the United States abstained from the voting, breaking a long-standing approach of shielding Israel ( Way to go,Murica! )

    But ( the orange cunt-head ) President Donald Trump, who tried to intervene even before taking oath, promised to move the US embassy in Israel from Tel Aviv to Jerusalem, a move to back Israel that many have seen as endangering the peace process.

    Replying to a question, the top Palestine diplomat in Dhaka said President Abbas' visit had been decided long before. “When the president made a stopover last year in February here, the foreign minister handed over an invitation letter of the president to him and he instructed the embassy to arrange the visit."

    He said President Abbas was supposed to come seven months ago, but the visit did not take place as both sides could not agree time. This time he is coming from Pakistan and from here he will go to Jordan on Friday en route to Paris.

    He, however, said Palestine does not believe that Trump would be able to move the embassy to Jerusalem.

    “All the US presidents said the same thing before the elections. But there are advisers, administrators, and intelligence, they know if he (Trump} does such a thing, he will be putting a bullet in the head of the peace process. So they will not allow him to do so."

    “If he does, there will be no peace in the Middle East. For us, Jerusalem is as important as the state of Palestine itself. It’s a red line.

    “Jerusalem will be the capital of Palestine whether they like it or they don’t,” he asserted. “That is final. No matter how long it takes in the peace process or no peace process at all.” ( Get it straight,Terrorisrael )

    Foreign Minister Riyad al-Maliki, Chief Justice Mahmoud al-Habbas, Spokesman Nabil Abu Rudeineh, Adviser to Diplomatic Affairs Majdi al-Khalidi and high-level military and civil officials will accompany the President.

    Source : BDNews24

  4. ~Phoenix~ Bangladesh

    ~Phoenix~ Mi Captain MI.Net Member

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    Development of railways to boost Bangladesh’s economy

    The present Awami League (AL) government of Sheikh Hasina has attached top priority to the development of Bangladesh’s railway system, which is one of the most important means of transportation in the country. Railway was introduced in Bangladesh by the British during the late 19th century primarily to advance their colonial and economic interests and things did not improve much even after the attainment of independence in 1971.

    In its efforts to increase trade, commerce, tourism and create job opportunities, the Hasina government has initiated scores of transport infrastructure projects, including railway across the country since 2009. The government devised a 20-year master plan aimed at bringing all the 64 districts of the country under the railway network. Currently, railway facilities are available in 44 districts only.

    A brief profile of Bangladesh Railway
    State-owned rail transport agency Bangladesh Railway (BR) operates and maintains the whole railway network of the country. According to recent reports, nearly 32% of the total area of Bangladesh is covered by the railways. BR operates a track of 2706 km, employs about 60,000 people and provides passenger and cargo services through 502 stations. The striking features of the BR have been the co-existence of different gauges, including broad gauge, metre gauge and dual gauge and separation of the transport system by the Jamuna River into Eastern and Western Zone of operations.

    BR operates inter-city, suburban, container services (currently restricted to Chittagong-Dhaka route), bulk freight movements (focusing on commodities such as sand, stone, food grain, fertilizer, iron and steel) and international routes on its multi-gauge network. The proposed Dhaka metro rail project would add further fillip to Bangladesh’s railway transport system. The Directorate General of Bangladesh Railway under the Ministry of Railways along with Bangladesh Railway Authority (BRA) controls the functioning of BR. The BRA also provides policy inputs to BR.

    Recent railway projects
    Under the master plan, the AL government has undertaken several projects to build 571.30 km new railway lines across Bangladesh. Railway Minister Md. Mozibul Haque noted that the government approved 85 projects costing Tk 45,423 crore after the formation of the Hasina government in 2009. Reports suggest that BR would build a 166.33 km new railway line connecting Dhaka with Jessore via Mawa, Bhanga and Narail with the financial assistance of China, while 50.41 km Kashiani-Gopalganj-Tungipara route to be taken up soon. Besides, the government has constructed a 35 km new railway line on Tarakandi-Bangabandhu Bridge section and revived Kalukhali-Bhatiapara, and Pachuria-Faridpur rail routes.

    Moreover, the 64.75 km Khulna-Mongla section has been implemented under Indian Line of Credit (LoC). The Bangladesh government had also submitted a proposal to the Chinese government for setting up a chord line from Fatullah on Dhaka-Narayanganj section to Chittagong via Laksam. Furthermore, BR has completed a feasibility study to build a new rail link from Mavran to Munshiganj through Satkhira on its own. In addition to these, the Executive Committee of the National Economic Council (ECNEC) has endorsed a mega project of BR to build rail tracks from Akhaura to Laksam facilitating movement of goods and passenger.

    Dohazari-Cox’s Bazar Greenfield Project
    In order to enhance tourism and trade in the southernmost parts of the country, the AL government has decided to build a 120 km dual-gauge passenger railway line from Dohazari, a village near Chittagong, to Cox’s Bazar—a tourist hotspot of Bangladesh. Reports say the Dohazari-Cox’s Bazar Greenfield Project is among the seven investment sub-projects which have been undertaken by BR to up grade Bangladesh’s rail connectivity with other Asian countries. The project is part of the proposed Trans-Asian Railway (TAR) and would provide access to neighbouring Myanmar and beyond.

    South Asia Subregional Economic Cooperation (SASEC) has agreed to support BR in constructing the Dohazari-Cox’s Bazar section of the Chittagong-Cox’s Bazar railway route in south-eastern Bangladesh. The project was endorsed by the SASEC trade facilitation and transport working group meeting in Tokyo on November 26, 2016. BR is renovating the 47 km Chittagong-Dohazari section on its own funds. Earlier in September 2016, the Asian Development Bank (ADB), which serves as SASEC Secretariat, granted $ 1.5 billion of funding to the project. This is the largest investment ever made by ADB to Bangladesh’s railways.

    The Chittagong-Cox’s Bazar rail project will take five years to complete and create considerable job opportunities for local community. The rail route would be extended up to Myanmar’s border and the proposed sea port at Matarbari. The route will also establish link with the western region of Bangladesh and India’s North East especially Tripura. The rail project would help Bangladesh meet its targets under the 7th Five Year Plan and railway master plan that seeks to increase the country’s freight market share to 15% and passenger market share to 10%.

    Akhaura-Laksam Double Line Project
    In another major development on March 6, 2016, the Bangladesh government signed a deal worth Tk 231.37 crore with a consortium of five companies, both domestic and foreign, for the consultancy services of the 72 km Akhaura-Laksam Double Line Project in the Dhaka-Chittagong route. Railway Minister Mozibul Haque said under the agreement, all aspects of the project—from design to completion of the construction work—would be supervised by the consortium.

    Reports indicate that of the Tk 231.37 crore, the Bangladesh government would release Tk 59 crore and the rest will be obtained from the ADB as loan. As part of the master plan, the AL government wants to facilitate movement of passenger and freight and increase export, import and commercial activities on the Dhaka-Chittagong route. The Akhaura-Laksam rail project is expected to be completed in five years. It may be added that Prime Minister Hasina had already inaugurated the double line railways in Laksam-Chinki Astana and Tongi-Bhoiran sections.

    Dhaka Metro Rail Project
    The Hasina government has also decided to improve the traffic conditions of the heavily-congested capital city Dhaka by introducing metro rail. Traffic in Dhaka, home to 15 million people, is one of the slowest in the world with commuters spending three-to-four hours in jams daily. On February 20, 2013, Bangladesh inked a loan agreement with Japan International Cooperation Agency (JICA) for setting up the country’s first-ever metro rail system, involving $ 2.8 billion.

    The proposed 20.1 km ground and elevated railway would cover Dhaka from north to south with 16 stations and would carry four million passengers every day, reducing jams to a great extent. The metro rail would lessen travel time to 36 minutes, which currently takes hours. Under the deal, the JICA will release 85% of the cost at a nominal interest rate of 0.01%.

    Reports suggest that metro rail project’s main construction work will begin in early 2017 and end in 2022. Once the metro rail becomes operational, Dhaka’s commuters could enjoy hassle-free journey. Metro rail officials have pointed out that the rail scheme would be noise-free, with noise barriers and vibration-free lines, and the cars would be made of stainless steel and aluminium alloy. Dhaka Transport Coordination Authority under Roads and Highways Department of the Communication Ministry is implementing the project. The metro rail project is likely to play the role of a catalyst in the economic development of Bangladesh.

    Padma Bridge rail link project
    In its bids to expand railway connectivity across the country, the AL government has initiated the process of building bridges along with railway lines over the major river systems of Bangladesh as well. In a significant development on August 8, 2016, Bangladesh Railway Bureau and China Railway Group signed a deal worth $ 3.14 billion to set up a rail link across the Padma Bridge in Dhaka. The bridge will establish link between the western and eastern parts of the country. The 168.6 km railway line originating from Dhaka and terminating at Jessore would also provide crucial rail link in south-western Bangladesh.

    The improvement of traffic conditions would inevitably accelerate the development process in these regions of Bangladesh. Besides, the railway link is likely to augment Bangladesh’s foreign trade with India, China and Myanmar. The construction of railway line across the Padma Bridge referred to as “Bridge of Dreams” in Bangladesh, would ease dependence on riverine transport to travel between Dhaka and 21 southern districts. This new railway project is also a major component of the proposed TAR.

    Dhaka-Payra Port Rail Link Project
    To make transportation of goods between Dhaka and the country’s third sea port at Payra cheaper and faster, the Bangladesh government has decided to introduce container train service through foreign collaboration. On December 20, 2016, Bangladesh inked a memorandum of understanding (MoU) with Britain’s DP Rail to design, finance, operate and maintain the 240 km Dhaka-Payra rail route. The $ 7.5 billion deal is described as the biggest foreign direct investment (FDI) for Bangladesh’s railway so far. The rail project is important for Bangladesh to expand its international trade especially in the arena of readymade garment (RMG)—Bangladesh’s biggest export item.

    Experts are of the opinion that the new rail route will play a pivotal role in the development of the country’s southern region. The DP Rail is hopeful that the freight train service will start functioning prospectively in 2024. The British firm is reportedly working with China Railway Construction Corporation (International) Limited as its key civil engineering contractor. Bangladesh’s Ministry of Railways think that the Dhaka-Payra rail link could fetch significant revenue by facilitating transportation of goods to and from the deep sea port at Payra.

    To meet the country’s development needs and priorities, the AL government has initiated much needed up gradation of Bangladesh’s rail transport network throughout the country. Efforts are also underway to improve sub-regional connectivity through rail and integrate Bangladesh with the booming markets of the neighbouring countries and beyond. The Bangladesh government needs to pursue the goals envisioned in the 20-year master plan vigorously as the key advantage of the rail transport network is in long distance travel and carriage of goods. BR could hugely contribute to the country’s economy once all the railway projects undertaken begin functioning.

    Source : BDNews24


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