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20 February, 2018 00:00 00 AM / LAST MODIFIED: 20 February, 2018 12:48:23 AM
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Bangali and Madhumat vessels

BIWTC incurs annual loss of Tk 7cr

JAGARAN CHAKMA
BIWTC incurs annual loss of Tk 7cr

Two newly acquired Bangladesh Inland Water Transport Corporation (BIWTC) vessels Bangali and Madhumati are facing deep losses despite luxurious looks and modern services, revealed by the government watchdog Implementation Monitoring and Evaluation Division (IMED).

The IMED in its investigation found BIWTC incur a loss of Tk 1 lakh to Tk 2 lakh daily and a combined annual loss of Tk 7 crore from the vessels.

BIWTC added the Bangali in its fleet in 2014 while Madhu-mati in 2015 at cost of Tk 535.38 crore aiming to make profit of Tk 7 crore in a year.

The government planned to earn Tk 19 crore revenue every year against Tk 12 crore spending every year from the two vessels. Estimating a net profit of about Tk 7 crore a year, revealed IMED.

IMED said the authorities failed to show any profit till preparing the report and have no possibility to make profit from these ships.  

IMED has suggested the BIWTC to take immediate steps to boost revenue.

The shipping ministry took up a Tk 536 crore project in 2012 for purchasing the two vessels. Western Marine Shipyard Ltd built the vessels—each 76-metre long and at a total cost of Tk 535.38 crore.

The BIWTC submitted its report citing the completion of the project in December 2017. IMED investigated the overall progress and achievement of the project in January.

“The vessels are capable of transporting 760 passengers in four categories of cabins, including one for VIPs. Each of the vessels has conference and dining rooms,” IMED said in its report after an inspection.

The report said the vessels are equipped with radar, GPS, life jackets and electro hydraulic remote control systems to be used in case of emergency.

Each vessel is fortified with a double bottle system, which means two complete layers of watertight hull designed to prevent the ship from sinking. Moreover, both vessels are capable of operating amid dense fog.

 

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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