TCB to procure 2.09 litres of soybean oil

Trading Corporation of Bangladesh (TCB), the state-run marketing agency, will further procure a total of 2.09 crore litres (20.9 million litres) of soybean oil from local and international suppliers without any tender process.

The TCB will also procure 8,000 metric tons of lentil through open tender.

Cabinet Committee on Government Purchase (CCGP) in a virtual meeting on Thursday approved a number of proposals in this regard.

Finance Minister AHM Mustafa Kamal presided over the meeting while members of the cabinet body attended it virtually.

The entire products will be procured for its ongoing open market sales (OMS) programme which has been introduced to control prices of essential commodities across the country.

For long the TCB has been procuring some essential items from local and international suppliers to sell those in the local market under the OMS programme.

As per the proposals, some 44 lakh litres of soybean oil will be procured through direct purchase method (DPM) from Sena Edible Oil Industries., Dhaka, at a cost of Tk 81.18 crore with each litre costing at Tk 184.5.

The TCB will procure 1.10 crore litres of soybean oil from Zad Al Rahil International LLC Sultanate of Oman (Local Agent: Sky Trading) through DPM at a cost of Tk 151.73 crore with litre coasting at 152.86 .

It will procure another 55 lakh litre of soybean oil from Shun Shing Edible Oil Ltd., Dhaka through DPM at a cost of Tk 101.47 crore. Each litre will cost at Tk 185.5.

The TCB will procure 8,000 metric tons of lentil from Arabel Bakliyat Hububat Santic A.S (Local Agent: BINQ, Dhaka, at a cost of Tk 81.57 crore. Each kg will cost at Tk 101.97.

Besides, as per a proposal of the Ministry of Industries, Bangladesh Chemical Industries Corporation (BCIC) will import 30,000 MT of bulk granular urea fertilizer from Fertiglobe Distribution Limited, the UAE at a cost of Tk 153.60 crore under a state level agreement.

As per a proposal of the Agriculture Ministry, another 30,000 MT of TSP fertiliser will be imported by Bangladesh Agriculture Development Corporation (BADC) from OCP, S.A of Morocco at a cost of Tk 153.86 crore under a state level agreement.

The Cabinet body approved a proposal of Bangladesh Hi-tech Park Authority under the Information and Communication Technology (ICT) Division to award a Tk 424.54 crore contract to for Western Engineering Pvt. Ltd., for building of the infrastructure of Sheikh Hasina Institute of Frontier Technology in Madaripur.

A proposal of the Roads and Highway Department received the nod of the CCGP to award a Tk 1,232.95 crore to Joint Venture of (1) HEGO, China; (2) Mir Akhter, Bangladesh for civil works under the package lot No-DS-o5 of the Sasec Dhaka-Sylhet Corridor Road Development project.

The Cabinet body approved a proposal of the Chattagram WASA to raise the cost of its consultant NIJ Consultants Co. Ltd., for Karnaphuli Water Supply Project (phase-2) by Tk 24.52 crore.