Posted on November 15, 2018
Cabinet approved in principle the draft of the Bangladesh Tariff Commission (Amendment) Bill 2018 at the meeting
Cabinet on Monday approved an addendum to the Protocol on Inland Water Transit and Trade, under which 470km of rivers will be dredged with joint financing from Bangladesh and India.
According to the deal, India will provide 80% of the total dredging cost, while Bangladesh will cover the remaining 20%.
The river dredging project was approved at a Cabinet meeting held at the Bangladesh Secretariat, with Prime Minister Sheikh Hasina in chair, reports UNB.
Cabinet Secretary Mohammad Shafiul Alam briefed reporters after the meeting.
He said the rivers will be dredged from Zakiganj, Sylhet to Ashuganj and Sirajganj of Bangladesh, and to Doikhawa of India.
Moreover, Cabinet approved in principle the draft of the Bangladesh Tariff Commission (Amendment) Bill 2018 at the meeting.
In addition, Cabinet was informed about three deals signed at the Bangladesh-India Shipping Secretary-level meeting held from October 24-26.
The deals signed are an agreement on the use of Chittagong and Mongla Port for movement of goods to and from India, the Standard Operating Procedure for an MoU on Passenger and Cruise Services on the Coastal and Protocol Route, and the addendum to the Protocol on Inland Water Transit and Trade.
Source: DhakaTribune
