The Turkish government has already placed the proposal

Housing and Infrastructure

DHAKA, June 2: Although most public private partnership (PPP) projects still remain confined to drawing boards, the government is going to borrow US$ 250 million suppliers’ credit, as line of credit (LoC) from Turkey, to implement some of those planned projects. Sources in the Economic Relations Division (ERD) said that preliminary formalities, for the borrowing, have almost been completed. Trk Eximbank wants to give the USD 250 million LoC for implementing PPP projects, especially those in the infrastructure development sector, ERD sources said.The Turkish government has already placed the proposal, raised by Trk Eximbank, at its cabinet meeting.Earlier, on February 29, a meeting was held at the ERD, to discuss the framework of the agreement. Sources added that a two member delegation of Trk Eximbank will visit Dhaka, on June 11, to negotiate the issue. Trk Eximbank has already canada goose outlet store uk sent the draft framework agreement to ERD. The two eximbank officials who will canada goose outlet black friday sale visit Dhaka, to negotiate the deal, are assistant general manager (buyers’ credits), Alaaddin Metin, and assistant manager (in charge of Bangladesh), Suzan Usta.Earlier on April 24, the Trk Eximbank wrote to the councellor of Bangladesh embassy in Turkey, Shah Asif Rahman, saying, “The loan facility will be provided in accordance with the preference of government of Bangladesh. The selection of the projects, as well as, experts or construction firms, canada goose outlet online reviews will be managed by the Bangladesh side.”The bank also wrote, “As Trk Eximbank borrows on floating rates, all of our loans are also offered at floating rates. The rate offered to Bangladesh, and for any other party, are determined canada goose outlet new york in such canada goose outlet england a way that they do goose outlet canada not go below the cost of borrowing of Trk Eximbank.”According to the draft framework agreement prepared by the finance ministry of Bangladesh, the credit facility would be made available by Trk Eximbank to the borrower, in order to finance 85 canada goose outlet in montreal per cent of canada goose outlet black friday the goods and services that would be exported from Turkey to Bangladesh, under the LoC, to be issued by a bank nominated canada goose outlet toronto address by the borrower, to Turkish commercial bank, in favour of the Turkish exporters.It also said, “The goods, to be exported, should have a minimum Turkish component of 50 per cent.” According to a message faxed to the Bangladesh mission in canada goose outlet germany Turkey, on April 29, the rate of interest and repayment period are: Libor plus 3.5%, with up to 10 years maturity, including grace period for construction projects undertaken by Turkish contractors; and Libor plus 3%, with up to 5 years maturity, for capital goods exported from Turkey to Bangladesh.Meanwhile, the Federation of Bangladesh Chamber of Commerce and Industries (FBCCI) and Dhaka Chamber of Commerce and Industries (DCCI) has asked the government to use the Turkish LoC towards establishing economic zones, ETP canada goose outlet toronto factory plants under BSCIC or ministry of industries, an industrial zone in Savar, coal based power plants, composite garments or tannery projects whose finished products can be sold back to Turkey, and water supply and sanitation units.The Annual Development Programme (ADP) for the upcoming 2012 13 fiscal year has included 10 public private partnership (PPP) projects, canada goose outlet in vancouver in sectors ranging from communications to energy.Seven of the 10 projects are canada goose outlet belgium under the communications sector. Four are under the roads division the Dhaka Elevated Expressway, a second Padma bridge between Paturia and Goalundo, Dhaka Ashulia Elevated Expressway, and a tunnel under the Karnaphuli river.Three are related to the railway a double line dual gauge track on the second Bangabandhu Bridge, a rail line from Dohazari to Cox’s Bazar, canada goose outlet ottawa and a rail bridge from Fulchhari to Bahadurabad ghat.The remaining three projects are under the energy sector renovation and modernisation of the Eastern Refinery Limited, setting up an LPG cylinder, and accessories manufacturing plant at Elenga, and a 0.10 million tonne capacity LPG bottling plant, which includes import facilities, storage tanks, pipelines and jetty.”We have already taken a decision to increase the number of surface water treatment plants, considering the falling underground water level. We have taken four canada goose uk projects for this plan, while one was implemented and the rest will be executed canada goose factory outlet gradually”, he said.Dhaka Wasa is now collecting 87 percent water from the underground sources and only 13 percent from the surface water treatment plants, Taqsem told The Daily Star when asked.Earlier, he told a seminar yesterday that Wasa shifted its focus from underground water treatment plants to surface water plants to protect the environmental balance.Bangladesh Paribesh Andalon (Bapa) and Dhaka Wasa jointly organised the seminar, “Dhaka Wasa: activities, challenge and citizens expectations”, at the capital Cirdap auditorium.Former chairman of Wasa and urban specialist Prof Nazrul Islam said Wasa must ensure proper supply of water before the people were forced into besieging its office.He also canada goose outlet montreal suggested Wasa activities should be discontinued in Narayanganj, Tongi, and Canada Goose Outlet Gazipur, as these areas were now under city corporations. The services should not be extended also to Savar and Ashulia so that the city dwellers get more benefits, he added.Although it seemed that Wasa activities have been making progress, Dhaka City Corporation and Rajuk performances are perhaps worsening gradually, he said.Given that the underground water level has been going down two to three metres each year, it will be tough to live in Dhaka city canada goose outlet in canada in the near future canada goose outlet orlando due to a lack of water, said Asaduzzaman Khan Kamal, lawmaker of Dhaka 11.Addressing as chief guest, he urged the city dwellers to be more considerate in using water and requested not to make any waste.Firoz Ahmed, a water resources expert, said that due to inefficient water distribution system of Wasa, there was a continued system loss, which eventually deprived people of water.Bapa president ASM Shahjahan chaired the seminar, while representatives from some development organisations and Wasa also spoke.The communications ministry is pushing hard to speed up the upgrade of Dhaka Chittagong highway and canada goose jacket outlet complete at least part of the work by June.

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