Narinjara News
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
said.
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
side of
along the coast of
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