TCB
Market mismanagement behind the rise of egg price
The price of broiler chicken eggs in the markets around Dhaka have soared to tk 170-180 (Tk 14-15/piece) per dozen in a span of a week.
Local chicken eggs are also being sold at Tk 220-230 per dozen in some places around the city.
Market experts and people involved with the egg market say mismanagement in the market is responsible for such an instability in egg prices.
Alam, president of Baridhara Notun Bazar Owners Association, told UNB, "I think the price of eggs is increasing repeatedly due to market mismanagement. Mismanagement of supply and lack of oversight are responsible for creating unstable conditions in the market. The reason behind such frequent surge in product prices should be identified.”
Read: Eggs to be imported if required : Minister
He said the concerned agency should play an effective role in controlling this frequent surge in price of products in the market.
“Otherwise, the rate at which the price of eggs is increasing cannot be controlled,” Alam said.
Nadeem, a customer at Gulshan kitchen market, told UNB that there is a weakness in the market monitoring system, as a result, the traders are increasing the price frequently.
He also urged the concerned agency to take effective action in this regard.
Meanwhile, Bangladesh Poultry Association (BPA), an association of local farmers producing eggs and chickens, has called for coordination in the market management to ensure fairness of the price.
BPA President Sumon Hawlader told UNB, "Monitoring of the market has to be strengthened. The price of egg and chicken should be adjusted at a reasonable rate keeping the cost of production in mind.”
“In this way, market conditions will be normal. The government has to take steps to ensure that no syndicate can create instability. Otherwise, it will be difficult to control the price of eggs,” he said.
According to Trading Corporation of Bangladesh (TCB) the price of broiler chicken eggs stood at Tk 140-150 per dozen last week, reflecting a significant 10 percent surge compared to the week before.
Read: Hike in egg price: Consumer Rights Protection body realises Tk 10,000 in fine in Faridpur
According to the Bangladesh Egg Producers Association, the country requires between 35 and 40 million eggs per day to meet demand. And the majority of the eggs are sourced from domestic producers.
The Department of Livestock reports that over the last 10 fiscal years, the nation's egg production has more than doubled. The country produced 1,017 crores of eggs in 2013–14, and 2,338 crores of eggs in 2022–23.
Fisheries and Livestock Minister SM Rezaul Karim told UNB, "According to the survey of our Livestock Department, it costs more than Tk 10.50 to produce an egg. Even If we take other costs and profit into consideration, it seems to me that the price of an egg should not be fixed at more than Tk 12.”
“If Tk 12 per egg is set, the producers will benefit. Apart from this, if someone tries to create instability in the market, the authorities will take necessary action under the Consumer Rights Protection Act, 2009.”
Read more: Egg prices jump by Tk30-35 per dozen, citing high production cost
Regarding whether the ministry will fix the price, Rezaul Karim said, "It is not a matter of fixing the price. Earlier, in 2010, there was an issue of fixing the price of chicks. In that case, the court questioned whether the ministry could fix the price in this way.”
Meanwhile, the government is also considering importing eggs from outside to bring stability to the egg market.
Responding to a question regarding egg import, Commerce Minister Tipu Munshi said at an event on Sunday morning that the Commerce Ministry cannot import eggs without the cooperation of the Ministry of Fisheries and Livestock.
“The decision to import eggs will be taken only after the Ministry of Fisheries and Livestock gives a green signal.”
Read more: Efforts on to break syndicates behind essentials’ price hike :Commerce minister
However, when asked about the commerce minister's statement, the livestock minister said, "We will consider the issue of importing eggs in a different way."
“Whether the Commerce Ministry will consider this issue independently or not is up to them. I think, with the current production rate of eggs in the country, there will be no need for imports if we can ensure proper management of the market.”
On fixing the price of eggs, the commerce minister said that if the Ministry of Fisheries and Livestock decides the market price for eggs, then the Directorate of National Consumers' Right Protection will be conducting raids to ensure control of the price of eggs.
With the egg market suddenly unstable, the Directorate of National Consumers' Right Protection are already conducting raids in various warehouses in the capital and imposing fines, he said.
Read more: In the EU’s inflation crisis, the humble egg takes the cake
With higher spice prices, consumers feeling the pinch this Eid-ul-Azha
Prices of almost all spices have doubled in a year, and consumers are particularly feeling the pinch ahead of Eid-ul-Azha when consumption of spices is high.
Despite sufficient stock and import of essential spices, traders at both wholesale and retail level hiked the prices of onion, ginger, garlic, cardamom, cinnamon, clove, cumin, turmeric, and coriander.
SM Nazer Hossain, vice-president of the Consumers’ Association of Bangladesh (CAB), told UNB that prices of essential commodities have already gone up, and the hike in prices of spice will further burden the already hard-up low- and middle-income people.
Though there is enough stock of spices to meet the demands during Eid, traders are indiscriminately hiking the prices to make more profit – due to lack of proper monitoring, he said.
Spice prices soar in Faridpur ahead of Eid-ul-Azha
According to the Trading Corporation of Bangladesh (TCB), on June 22, 2022, cumin was sold at a minimum price of Tk 380 and a maximum of Tk 450 per kg. The price of cumin has increased more than twice in one year.
Before Eid-ul-Azha, other spices are also beyond the reach of low-income people. Prices of most spices, including locally grown onion, garlic, dried chillies, green chillies, turmeric, ginger, and cinnamon have increased.
Among them, the prices of ginger and garlic have almost doubled. The UNB correspondent’s visits to Shyambazar, and Karwan Bazar – two major wholesale and retail markets in Dhaka – confirmed the latest prices today (June 24, 2023).
There were enough stocks of ginger imported from Myanmar, Vietnam, and Indonesia in Shyambazar on Friday. The wholesale price of ginger is Tk 120 to Tk 250 per kg depending on the quality. In Karwan Bazar, the retail price was Tk 250 to Tk 350 per kg.
TCB said that even a year ago, ginger was sold between Tk 60 to Tk 100 per kg at the retail level.
Spice prices shoot up ahead of Eid despite sufficient stock
Traders say that China is the biggest supplier of ginger in the country. But due to its high price, Chinese ginger is not available in the country right now. Stock of Indian ginger is also low in the market. Mainly because of this, the price of ginger has more than doubled within a year.
The price of dried chilli has also increased. A year ago, dried chillies were sold at Tk 220 to Tk 250 per kg, but this year, it is being sold at Tk 300 to Tk 340 per kg. Indian dried chillies are being sold at a higher price of Tk 380 per kg. In retail markets, such as Karwan Bazar, the price of imported dried chillies has also gone up to Tk 480 per kg.
Coriander is being sold at Tk 165 to Tk 220 per kg, cloves at Tk 1,500 to Tk 1,600 and cinnamon at Tk 410 to Tk 480 per kg in Karwan Bazar, Shyampur and Sutrapur Bazar.
According to TCB, a year ago, coriander was sold at Tk 120 to Tk 150, cloves at Tk 1,050 to Tk 1,200 and cinnamon at Tk 400 to Tk 450 per kg.
Traders say that due to the dollar crunch, importers are not able to import enough spices. The prices of some species are high in the global market as well.
No shortage of spices in market ahead of Eid: Spice Traders Association
Import costs have also increased. Apart from that, the production cost of spices in the country has also gone up due to the increase in fertiliser, fuel, and labour costs. Also, the cost of transportation is high. Mainly due to these reasons, the price of spices has gone up.
Govt to import 12,500 MT of sugar from US
The government of Bangladesh will import 12,500 metric tons (MT) of sugar and 220,000 MT of fertliser to meet the domestic requirements.
Cabinet Committee on Government Purchase (CCGP) in a meeting on Wednesday (May 17, 2023) approved a number of proposals in this regard. Finance Minister AHM Mustafa Kamal presided over the meeting held virtually.
According to a proposal of the Commerce Ministry, its subordinate body Trading Corporation of Bangladesh (TCB) will import the sugar from Accentuate Technology Inc., USA (Local Agent: OMC Ltd., Dhaka) through an international open tender system at total cost of Tk 66.27 crore with per kilogram (kg) cost at Tk 82.85.
Also Read: PM Hasina: Bangladesh won't buy anything from those who impose sanctions against it
Additional secretary to the Cabinet Division Sayeed Mahbub Khan, who briefed reporters about the Cabinet body meeting, said while approving the proposal the issue of the Prime Minister’s instruction not to import any goods from any country which imposed sanction on Bangladesh was not discussed in the meeting.
The committee approved two separate proposals of the Industries Ministry to import a total of 60,000 MT of urea fertilizer and 10,000 MT of phosphoric acid by its subordinate body Bangladesh Chemical Industries Corporation (BCIC).
Also Read: Tariff Commission recommends fixing loose sugar price at Tk 120, packaged Tk 125 per kg
Of these, 30,000 MT of bagged granular urea will be procured from Karnaphuli Fertilizer Company Limited (Kafco) at cost of Tk 120.03 crore with per MT price at $371.25 while another 30,000 MT bulk granular urea fertiliser will be imported from SABIC Agri-nutrients Company of Saudi Arabia at a cost of Tk 106.25 crore with per MT price at $327.33.
The BCI will import 10,000 MT of phosphoric acid at Tk 60.95 crore from Sun International FZE, UAE (Local Agent: M/s Agro Industrial Input, Dhaka) for TSP Complex Limited, Chittagong. Each MT of acid will cost $566.50.
Also Read: Letter to be sent to NBR to extend duty exemption on sugar import: Commerce Secretary
The CCGP approved a total of six proposals of Bangladesh Agriculture Development Corporation (BADC), placed by the Agriculture Ministry, for importing a total of 160,000 MT of different types of fertilizers.
Of these, the BADC will import 40,000 MT of DAP fertilizer from MA'ADEN, Saudi Arabia at a cost Tk 229.33 crore, $532 under the state level contract.
Also Read: Raid if sugar is not sold at govt-fixed rate: Tipu Munshi
It will import 30,000 MT of TSP fertiliser from OCP, S.A. of Morocco at a cost Tk 126.57 crore, with each MT price at $391.50, under the state level contract while 40,000 MT of DAP fertilizer will be imported from the same company of Morocco at a cost of Tk 233.42 crore with per MT price at $541.5.
The BADC will import 50,000 MT of Muriate of Potash (MOP) fertiliser from the Canadian Commercial Corporation under the state-level contract at a cost of Tk 225.23crore, with per MT price at $418.
Also Read: Japan wants to invest in sugar industry, biomass power, prepaid gas meters in Bangladesh
The CCGP approved a proposal of the Local Government Division to extend the cost of the consultant by Tk 11.1 crore for its project "Water Supply and Sanitation in 23 Municipalities of Bangladesh (1st Revised)" being implemented by the Department of Public Health Engineering.
Joint Venture of (1) Ranhill, (2) Farhat and (3) DDC had been appointed as consultant for the project.
Also Read: Sugar disappears from Dhaka stores amid high price
BMTF to supply 3 crore blank smart cards to EC
Bangladesh Army-run Bangladesh Machine Tools Factory Limited (BMTF) will supply 3 crore blank smart cards to Bangladesh Election Commission (EC).
Cabinet Committee on Government Purchase (CCGP) in a meeting on Tuesday approved the proposal along with some others from different ministries.
Finance Minister AHM Mustafa Kamal presided over the virtual meeting.
As per the proposal, the BMTF will supply the smart cards under the Identification System for Enhancing Access to Services (2nd Phase) project of the Arms Forces Division of the Prime Minister's Office at contract value of Tk 406.50 crore.
Under other proposals, approved by the CCGP, state marketing agency Trading Corporation of Bangladesh (TCB) will import 12,500 metric tons (MT) of sugar and 1.10 crore litres of soybean oil for its ongoing programme to sell those in open market.
Each kg of sugar will cost Tk 82.92 while the soybean oil will cost Tk 146.10 per litre
Of these, Smart Matrix Pte., Ltd., Singapore (Local Agent: Mark Line Enterprise, Dhaka) will supply 12,500 MT of sugar at Tk 66.79 crore while the Guven Traders Ptv. Ltd., India (Local Agent: HH Enterprise, Dhaka) will supply 1.10 crore of soybean oil at Tk 148.30 crore.
Supplier Smart Matrix Pte., Ltd., Singapore was selected for sugar supply through an international bidding process while the Guven Traders Ptv. Ltd., India, was chosen by the TCB through direct procurement method without any bidding process.
The Cabinet body approved a number of proposals of the Roads and Highway Department (RHD) under the Roads Transport and Highway Division to award contracts for road constructions.
Of these, the Joint Venture of (1) SRBG, China; and (2) and BTC, Bangladesh won a contract of the Lot No- DS-7 under Package No- WP-04 of the Project "Sasec Dhaka-Sylhet Corridor Road Development" at Tk 947.74 crore.
The Joint Venture of (1) CSCEC7, China; and (2) Spectra Engineers Ltd., Bangladesh won the contract of the Lot No. DS-8 under Package No- WP-04 of the project “Sasec Dhaka-Sylhet Corridor Road Development” at Tk.1, 178.68 crore.
The RHD selected Taher Brothers Ltd. to award the contract for “Upgradation of Gouripur-Anandganj-Madhupur-Dewanganj Bazar-Hosenpur District Highway to the proper standard” at a value of Tk 131. 47 crore.
The RHD selected Joint Venture of (1) Mozahar Enterprise Pvt. Ltd., (2) National Development Engineers Ltd., and (3) Sagar Info Builders Ltd. for Package No. PW-01 of "Sherpur (Kanasakhola)-Bhimganj-Narayankhola-Rambhadrapur-Mymensingh (Rahmatpur) Road Development '' Project at Tk 149.99 crore.
The Joint Venture of (1) National Development Engineers Ltd. , and (2) Hasan Techno Builders Ltd., has been selected by the RHD for the package No. PW-02 of the "Sherpur (Kanasakhola)-Bhimganj-Narayankhola-Rambhadrapur-Mymensingh (Rahmatpur) Road Development" at a contract value of Tk 180 crore.
Meanwhile, the Cabinet Committee on Economic Affairs at a meeting approved in principle a proposal of the Directorate General of Health Services to procure Firstline TB Drugs, Medical and Surgical Supplies and Laboratory Equipment from the Essential Drugs Company Limited through Direct Purchase Method (DPM) without bidding process.
The drugs, services and equipment will be procured for the "Health and Gender Support in Cox's Bazar District (2nd Revised)"project under the United Nations Office for Project Services.
TCB starts selling 5 daily essentials ahead of Ramadan
TCB starts selling 5 daily essentials ahead of Ramadan
Dhaka, Mar 9 (UNB)- State-owned Trading Corporation of Bangladesh on Thursday started selling five daily essentials ahead of Ramadan.
Commerce Minister Tipu Munshi inaugurated the sale of five items- edible oil, sugar, dates, chickpeas and lentils- formally at a function at Tejgaon in the capital.
These essential items will be sold in two phases at subsidized rates among 1 crore low-income families across the country on the occasion of the holy month of Ramadan.
Addressing the inaugural event, the minister said the present government under the leadership of Prime Minister Sheikh Hasina has been working sincerely to alleviate the sufferings of the low-income people of the country.
Every month, oil, pulse, sugar are being sold at subsidized prices to one crore families of the country. On the occasion of holy Ramadan, dates and chickpeas are being sold in Dhaka city, he said.
The five products are sugar at Tk 60 per kg, lentils at Tk 70 per kg, soyabean oil at Tk 110 per kg, chickpea at Tk 50 per kg and dates at Tk 100 per kg (in Dhaka city alone).
The second installment of the essentials will be sold early next month.
The card holders can buy the five goods at subsidised rates from the TCB's specific sales points and dealers’ outlets.
A card holder can buy 2 litre soybean oil, 2 kg lentil, sugar, chickpea and 1 kg date at a time.TCB Chairman Brig Gen Md Mahbubur Rahman was present on the occasion.
TCB starts selling 6 essential goods to 1 crore families from Thursday
The state-run Trading Corporation of Bangladesh (TCB) has taken an initiative to sell six essential items to some one crore low-income group families ahead of holy month of Ramadan, a press release said.
As part of this, the TCB will start selling three essential items - edible oil, sugar, dates and chickpeas and lentils -- among such families from Thursday (March 9).
These essential items will be sold in two phases. In the first phase selling of the items will start from Thursday across the country.
Commerce Minister Tipu Munshi will inaugurate the sales of essential items formally through a function at Tejgaon in the capital on Thursday.
The card holders can buy the six goods at subsidised rates from the TCB's specific sales points and dealers’ outlets.
Read more: TCB to buy 1.60 crore litres of soybean oil for OMS ahead of Ramadan
A card holder can buy 2 litre soybean oil, 2 kg lentil, sugar, chickpea and 1 kg date at a time.
The card holders can buy sugar TK 60/per kg, date at Tk100, lentil at Tk 70, chickpea at Tk 50 and soybean oil at Tk 110 per litre.
Egg prices jump by Tk30-35 per dozen, citing high production cost
Eggs have become costlier by Tk 30-35 to Tk 140 per dozen compared with prices two weeks ago in yet another blow to the consumers, especially the lower income people.
Eggs, the most affordable source of protein for lower-income people, are getting pricier at a time when they are struggling with higher cost of living.
On Thursday, this correspondent visited a number of kitchen markets in the capital city to find that depending on the size and quality, a dozen of farm chicken eggs are being sold at Tk 140 to Tk 150. In some places the asking price was even Tk 155 per dozen. The same eggs are sold at super shops at Tk 170-180 per dozen.
Read more: Eggs, meat can be sold at lower prices if govt provides policy support: FBCCI
On the other hand, duck eggs are being sold at Tk 80 per hali ( 4 pieces), and domestic chicken eggs are being sold at Tk60-65 per hali.
A week ago the farm eggs were sold at Tk105 per dozen in the first week of the current month, while domestic chicken eggs sold at Tk 55-60 per hali, and duck eggs at Tk60-65 per hali.
The Trading Corporation of Bangladesh (TCB), responsible for consumer market monitoring, has acknowledged the price hike of all kinds of eggs.
The market monitoring cell of TCB reports that the egg price increased by Tk 8 to 10 per hali so far in January, compared with the price beginning of this month.
Bangladesh Egg Producers Association president Taher Ahmed Siddiqi told UNB that the demand for eggs usually increases in winter, while production has become stagnant.
Many farms were forced to shut their operations during the pandemic-induced lockdown, and are still closed due to the higher cost of production, and lower prices of eggs.
Production costs have risen by 70-80 percent in one and a half years amid a tectonic surge in feed prices, discouraging many to do trading amid the risk of losses.
Read more: No need to import eggs: Agriculture Minister
Consumers Association of Bangladesh vice-president SM Nazer Hossain said consumers in Bangladesh are passing a hard time amid record price up of commodities for higher inflation.
Farm egg, broiler chicken, and cultured fish are key protein sources for millions of poor in the country, he said.
Prices of all such products have increased forcing a vast population to cut their protein and other nutrition-rich food intake, Nazer said.
TCB to cater to 1 crore low-income families on Tuesday
State-owned Trading Corporation of Bangladesh (TCB) will start selling essential items at fair prices for one crore low-income families across the country from Tuesday (January 10, 2023).
"Some 10 million families across the country, with cards, will be able to buy the essential items," said a press release signed by Md Humayun Kabir, information officer of the Dhaka Regional office.
Read more: TCB to procure 2.75 crore litres of soybean oil
Each cardholder can buy 1 kg of sugar at Tk 60, 2 kg of lentils at Tk 70 per kg and two litres of soybean oil at Tk 110 per litre.
Eligible people have to buy the items from the shops of distributors or at designated places, it added.
TCB to procure 2.09 litres of soybean oil, 8000 MT of lentil for OMS programme
Trading Corporation of Bangladesh (TCB), the state-run marketing agency, will further procure a total of 2.09 crore litres (20.9 million litres) of soybean oil from local and international suppliers without any tender process.
The TCB will also procure 8,000 metric tons of lentil through open tender.
Cabinet Committee on Government Purchase (CCGP) in a virtual meeting on Thursday approved a number of proposals in this regard.
Finance Minister AHM Mustafa Kamal presided over the meeting while members of the cabinet body attended it virtually.
The entire products will be procured for its ongoing open market sales (OMS) programme which has been introduced to control prices of essential commodities across the country.
For long the TCB has been procuring some essential items from local and international suppliers to sell those in the local market under the OMS programme.
As per the proposals, some 44 lakh litres of soybean oil will be procured through direct purchase method (DPM) from Sena Edible Oil Industries., Dhaka, at a cost of Tk 81.18 crore with each litre costing at Tk 184.5.
The TCB will procure 1.10 crore litres of soybean oil from Zad Al Rahil International LLC Sultanate of Oman (Local Agent: Sky Trading) through DPM at a cost of Tk 151.73 crore with litre coasting at 152.86 .
Read: TCB to procure 2.75 crore litres of soybean oil
It will procure another 55 lakh litre of soybean oil from Shun Shing Edible Oil Ltd., Dhaka through DPM at a cost of Tk 101.47 crore. Each litre will cost at Tk 185.5.
The TCB will procure 8,000 metric tons of lentil from Arabel Bakliyat Hububat Santic A.S (Local Agent: BINQ, Dhaka, at a cost of Tk 81.57 crore. Each kg will cost at Tk 101.97.
Besides, as per a proposal of the Ministry of Industries, Bangladesh Chemical Industries Corporation (BCIC) will import 30,000 MT of bulk granular urea fertilizer from Fertiglobe Distribution Limited, the UAE at a cost of Tk 153.60 crore under a state level agreement.
As per a proposal of the Agriculture Ministry, another 30,000 MT of TSP fertiliser will be imported by Bangladesh Agriculture Development Corporation (BADC) from OCP, S.A of Morocco at a cost of Tk 153.86 crore under a state level agreement.
The Cabinet body approved a proposal of Bangladesh Hi-tech Park Authority under the Information and Communication Technology (ICT) Division to award a Tk 424.54 crore contract to for Western Engineering Pvt. Ltd., for building of the infrastructure of Sheikh Hasina Institute of Frontier Technology in Madaripur.
Read: TCB to procure 1.65 crore liter of soybean oil, 8,000 MT of lentil
A proposal of the Roads and Highway Department received the nod of the CCGP to award a Tk 1,232.95 crore to Joint Venture of (1) HEGO, China; (2) Mir Akhter, Bangladesh for civil works under the package lot No-DS-o5 of the Sasec Dhaka-Sylhet Corridor Road Development project.
The Cabinet body approved a proposal of the Chattagram WASA to raise the cost of its consultant NIJ Consultants Co. Ltd., for Karnaphuli Water Supply Project (phase-2) by Tk 24.52 crore.
TCB to procure 2.75 crore litres of soybean oil
State-owned Trading Corporation of Bangladesh (TCB) will procure 2.75 crore (27.5 million) litres of Soybean oil from the local suppliers for its Open Market Sale (OMS) propgramme.
Cabinet Committee on Government Purchase (CCGP) in a virtual meeting on Wednesday approved three separate proposals of the Commerce Ministry in this regard.
Finance Minister AHM Mustafa Kamal presided over the meeting while other members of the committee attended it virtually.
The move of the TCB, a subordinate body of the Commerce Ministry, which has been operating as a state-marketing agency to tame the rising price hike of essentials, is part of the government's plan to procure some essential commodities in bulk and sell those through the OMS programme.
As per the Commerce Ministry's proposals, the TCB will procure the entire edible oils through three open tenders.
Read more: Soybean oil: No real effect of reduced tariff
Under the proposals, some 1.10 crore litres of soybean oil will be procured from privately owned City Edible Oil Limited at a cost of Tk 203.32 crore with cost of each litre at Tk 104.48 per litre.
The similar quantity of soybean oil will be procured from Super Oil Refined Limited at 204.44 crore with each litre cost at Tk 185.95 and some 55 lakh litres of soybean oils will be purchased from Shun Shing Edible Oil Ltd at a cost of Tk 101.47 crore with each litre's price at Tk 184.05.
The CCGP also approved some other procurement proposals, including the procurement of 130,000 metric tons of fertiliser.
Of these, the Bangladesh Agriculture Development Corporation (BADC) will import 50,000 MW of Muriate of Potash (MOP) fertiliser from Canadian Commercial Corporation (CCC) at a cost of Tk 344.90 crore with each metric ton cost $655.03.
The Canadian Commercial Corporation will supply another 50,000 MT of MOP at the same price under a separate lot.
State-owned Bangladesh Chemical Industries Corporation (BCIC) will import 30,000 MT of bulk granullar urea from Fertiglobe Distribution Limited, UAE at a cost of Tk 163.75 crore with each metric ton costing Tk $518.33.
The BCIC will also import 10,000 metric tons (MT) of phosphoric acid for its Chattagram TSP Complex Limited from Guizhou Chanhen Chemical Corporation, China (local agent Best Eastern, Dhaka) at a cost of Tk 73 crore.
The CCGP approved a number of proposals of the Housing and Public Works Ministry to raise the cost of civil works under its “Construction of Elevated Expressway from Lalkhan Bazar in Chittagong City to Shah-Amanat Airport” project.
Read more: Bottled soybean oil to cost Tk 14 less per litre from tomorrow
Under the proposals, the cost of the civil construction works No-WD-1 will be increased by Tk 649.02 crore, while cost of the civil works No-WD-1 of “Construction of road from Kalurghat Bridge to Chaktai Canal along the banks of Karnaphuli River” will get higher by Tk 230.05 crore.
The CCGP approved a proposal of the Roads and Highways Department to award a Tk 1,085.34 crore contract to a joint venture of (1) CHSIETC, China; (2) SLGC, China and (3) PDL, Bangladesh to implement the Construction of lot No. DS-06 of the WP-03 package of the “SASEC Dhaka-Sylhet Corridor Road Development” project.
The committee also approved three proposals for the extension costs of the three segments of a project under the South Asia Subregional Economic Cooperation (SASEC).
As per the approvals, the cost of the work of No-WP-10 package of the “Sasec Road Link Project-2: Upgradation of Elenga-Hatikamrul-Rangpur highway to 4-lane” will be increased by Tk 211.03 crore while the cost of the work No - WP-11 package of the same project will be increased by Tk 147.65 crore and cost of the works No-WP-12 package will be enhanced by 142.84 crore.