Published:  12:50 AM, 14 September 2017

Bangladesh to import 50,000 tons sugar

The government has endorsed import of 50,000 tons of sugar through international tender at a cost of Tk 2.11 billion.  The Cabinet committee on government purchase cleared the proposal to buy the sugar at a meeting chaired by Finance Minister AMA Muhith on Wednesday.

Additional Cabinet Secretary Mostafizur Rahman told reporters that London's ED&F Man, the lowest bidder, will supply the sugar in two consignments at $470 per ton.

The government wants to quickly import sugar, as it would take until January for sugar from the local mills to hit the market. Bangladesh needs 1.4 million tons of sugar a year, of which 7 to 8 percent comes from the 15 mills in the country that imports the rest.

The Cabinet committee also cleared a proposal to raise the cost of a package of Muhuri Irrigation Project under Water Development Board with fund from Asian Development Board.

The cost of the package has risen from around Tk 535 million to over Tk 588m. Toma Construction and Company Limited won the work to develop the two-lane road from Babur Barhi on Khulna-Mongla Highway to Maitree Super Thermal Power Plant in Bagerhat's Rampal to a four-lane one.

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