72 Million Dollar Contract has been Signed by PT Inka

02, Dec 2014 | Author: Embassy of Indonesia

Source: Embassy of the Republic of Indonesia, Dhaka

Industrial Railways (INKA) Indonesia has won the procurement contract for 100 units MG (Meter Gauge) and 50 units of BG (Broad Gauge) railway carriages held by the Ministry of Railways Bangladesh, which is worth 72 Million Dollar. The project is being funded by the Asian Development Bank (ADB). On 27 November 2014, the two procurement contracts for this project were signed by: Mr. Raden Agus Purnomo Harya: the President Director of PT Inka, Md. Khalilur Rahman: Additional Director General (Rolling Stock) and Tofazzal Hossain : Director General of Bangladesh Railways at the Rail Bhaban in the Building of the Ministry of Bangladesh Railways. The contract signing was witnessed by Md. Mazibul Hoque MP, Minister of Railway of Bangladesh, Md, Munsur Ali Sikder, Secretary of the Ministry of Railways and Mr. Iwan Wiranata-Atmadja, the Indonesian Ambassador to Bangladesh Dhaka.

The honorable Minister Mazibul Hoque in his speech said that the Government of Bangladesh has recently paid great attention to rail transport system. He also stated that until the formation of a special Ministry for the field of Railways in 2011, all affairs of the railway communications fell under the Ministry of Communications. This deal was the first purchase of its kind since 2006 when Bangladesh had bought its first set of wagon from Indonesia. Prime Minister Sheikh Hasina has ambitious plans to modernize rail transport. In addition, Minister Hoque expressed his expectation to PT Inka requesting them to deliver at least one cluster of carriage (10 units) train before Idul Fitri 2015.

In his speech, Ambassador of Indonesia said that the signing of the contract between the Ministry of Railways and PT. INKA is a stepping stone towards strengthening bilateral relations between Indonesia and Bangladesh through mutually beneficial cooperation. This cooperation can be developed into a first step for the transfer of technology and knowledge which is expected to be obtained by the comparative advantage of each nations resources. Indonesia is very pleased to be able to assist in overcoming the shortage of transportation in Bangladesh. The economic development of Bangladesh also increased where the growth of Gross Domestic Product (GDP) of Bangladesh in the last 10 years has increased by an average of over 6%. We believe the development of transport infrastructure will help to boost the economic development of Bangladesh.

Embassy of the Republic of Indonesia in Dhaka, 28 November 2014

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