Bangladeshi Company Begins International Consortium Negotiations for a Tri-nation Gas Pipeline
A Bangladeshi private company
held a press briefing in a hotel in
The press briefing was held under the Mohona Holdings Ltd, a private company of
The company is now negotiating with potential investors from private and public sectors and financial institutes to set up an international consortium for financing the tri-nation gas pipeline.
The government of
“We have started negotiations and we will let you know later who will be joining the consortium,” AB Ahmed, Managing Director of Mohona Holdings Ltd told reporters during the press briefing at the Dhaka Sheraton hotel.
Though the Bangladeshi government has not yet given the go ahead for the project, the company has already started negotiations for its financial package with some Indian and Korean firms.
AB Ahmad said the gas
pipeline project will be funded by an international consortium which will build
and operate some 897 km of pipeline, 289 km of which will be in
The construction cost is estimated at US$ 974 million but the total project cost including
the gas flow to the pipeline will amount to about US$1.3 billion. The Bangladeshi commitment will required an investment of US$ 350-600 million, the Managing Director
He also said that the pipeline will create US$ 600 million of revenue, and that the country will receive another US$ 100 million annually as wheeling and US$24 million in service charges for the payment for gas transmission.
The gas pipeline may run from the Burmese western state of Arakan to Mezoram and the Tripura state of
“It may also come
through Teknaf, opposite the Maungdaw
along the coast of
For further information, please contact Narinjara:
Phone: 880 189 42 55 36 (Mobile)
Website http:// www.narinjara.com
Full Narinjara archive in the Online Burma/Myanmar Library at