Expenditure on third submarine cable elevated to Rs 362 Crore

The third submarine cable set up mission to increase Bangladesh’s worldwide telecommunications system is prolonged for a yr with 362 crore taka. The assembly of the Govt Committee of the Nationwide Financial Council (ECNEC) authorised the proposal to extend the length and value of the mission.

Together with this, the Govt Committee of the Nationwide Financial Council (ECNEC) authorised eight initiatives costing Tk 4,826,210,000. Of this quantity, authorities funding is Tk 2,000,341 crore 2 lakh, overseas funding is Tk 2,000,207 crore, and the group’s personal funding is Tk 278 crore 19 lakh.

These initiatives had been authorised on Tuesday, November 22 throughout the ECNEC assembly held on the NEC convention corridor in Sherebangla Nagar, within the capital. Prime Minister Sheikh Hasina chaired the assembly.

On the finish of the assembly, the Minister of Planning, MA Mannan, gave particulars. Senior officers together with the Minister of State answerable for Planning had been current on the event.

The implementing company for the mission is Bangladesh Submarine Cable Firm Restricted (BSCCL). The preliminary mission price was Tk 693 crore 16 lakh. Now, the proposed price of the mission will likely be 1 55 crore 23 lakhs. In consequence, the price of the mission will improve by Tk 362 crore. If the mission was to be accomplished between January 2021 and June 2024, it has been prolonged till June 2025.

Mission goal: To determine a 3rd submarine cable system as a dependable and environment friendly worldwide telecommunication infrastructure for Bangladesh.

In line with BSCCL, the mission is picked up for numerous causes. The community of submarine cables is taken into account as one of many principal infrastructures of the nation within the development of Digital Bangladesh. Bangladesh Submarine Cable Firm Restricted (BSCCL) is working as one of many main organizations in implementing broadband excessive velocity web program within the nation in gentle of Worldwide Lengthy Distance Telecommunication Service (ILDTS) coverage and ICT coverage. Though BTRC-licensed Worldwide Terrestrial Cable (ITC) operators function equally, almost 60% of the nation’s Web demand is provided by BSCCL alone.

Learn extra: Another 362 crores will be added to the third submarine cable

As the one public firm within the nation, BSCCL gives bandwidth providers by means of submarine cables. BSCCL is at present offering bandwidth providers to attach the nation to the skin world by way of two undersea cables by establishing touchdown stations at Cox’s Bazar and Kuakata. By analyzing the BSCCL and ITC bandwidth utilization within the nation lately, it may be seen that the annual progress price of bandwidth utilization is round 70%.

From the start of 2016, BSCCL’s bandwidth gross sales market share began to extend considerably, and at present BSCCL’s market share is round 60%. The evaluation additionally exhibits that this upward development in bandwidth utilization will proceed over the following few years. If 5G providers are launched on a big scale, the demand for bandwidth within the nation will additional improve.

The nation’s first submarine cable was launched in 2005 and the second submarine cable was launched in 2017. Contemplating the lifetime of the primary submarine cable of about 20 years, its efficiency will finish in 2025. As well as, the submarine cable is about 15 years outdated, so the service interruption price resulting from its upkeep is excessive and customers are much less taken with connecting to this cable as a result of comparatively outdated expertise.

Fundamental mission actions: procurement {of electrical} and different tools, procurement of submarine cables and associated tools, development of non-residential buildings (useful buildings) and different buildings.

Mission space: Related from Singapore to France. The submarine cable will cross the Indian Ocean, the Arabian Sea, the Purple Sea and the Mediterranean Sea. The primary cable touchdown stations will likely be in Singapore, India, Djibouti, Egypt and France. The Bangladesh department will stretch throughout the Bay of Bengal to Cox’s Bazar to the cable touchdown station. The cable route will lengthen to Singapore on one facet and France on the opposite. Web service will likely be supplied from the Cox’s Bazar touchdown station to completely different components of the nation.

Causes for the modification of the mission: The mission proposes to extend investments within the sector of bandwidth capability. Initially, the plan was to put eight fiber cable pairs within the core, however later, contemplating the fee benefits, the consortium determined to put a complete of 10 fiber pairs. Presently, the worth of the greenback has elevated, thus growing the price of the mission. On the time of the institution of the mission, one US greenback was equal to 84 taka, now it has risen to 106 taka 75 paisa. International sector spending on key initiatives is growing.

The initiatives authorised are – 3 initiatives of the Ministry of Street Transport and Bridges, respectively ‘the upgrading of 4 district highways beneath the Comilla Roads Division to the suitable stage and width’; ‘Building of Galachipa Bridge over Ravnabad River at seventieth km of Lebukhali-Baufal-Galachipa-Amragachia District Freeway (Z-8806)’ Mission, ‘Transport Grasp Plan and Preliminary Feasibility Research for Transport Building the Chittagong Metropolitan Space’s Frequent City Metrorail (CMA) Mission; “Coastal Cities Local weather Resilient” mission of the Ministry of Native Authorities, Rural Growth and Cooperatives.

Additionally Ministry of Dwelling Affairs Mission “Jail Safety Modernization, Dhaka, Mymensingh and Chittagong Division (First Revision)” (fifth enlargement); The mission “Growth of nationwide data and communication expertise infrastructure (third section of info-government) (third revision)” of the Division of Data and Communication Know-how and the mission ” Strengthening Vitamin and Meals Safety by means of Agricultural Growth” of the Ministry of Agriculture have been authorised. on the Eknek assembly.

Minister of Agriculture on the assembly. Abdur Razzak, Minister of Data and Broadcasting. Hasan Mahmud, Minister of Native Authorities, Rural Growth and Cooperatives. Tajul Islam, Minister of Trade Nurul Majid Mahmud Humayun, Minister of Well being Zahid Malek, Minister of Commerce Tipu Munshi, Minister of Fisheries and Livestock Sh. Rezaul Karim, Minister of Atmosphere, Forestry and Local weather Change Md. Shahab Uddin and related Ministers and Ministers of State participated.

Additionally current had been the Cupboard Secretary, Principal Secretary to the Prime Minister, Chief SDG Coordinator, members of the Planning Fee, Principal Secretaries and Secretaries of related Ministries and senior civil servants.

MOS/EA/JIM

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