The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved the ‘Bangabandhu Satellite Launching’ project with an outlay of Tk 2967.95 crore, aiming to launch the country’s first satellite in the orbit.
The approval came from the 8th ECNEC meeting of the current fiscal year held at the NEC conference room in Dhaka with Prime Minister Sheikh Hasina, also the ECNEC chairperson, in the chair.
Briefing reporters after the meeting, Planning Minister AHM Mustafa Kamal said six development projects involving Tk 4296.63 crore were approved on Tuesday. “Of the total project cost, Tk 1928.53 crore will come from the national exchequer, while Tk 5.03 crore from the organisation’s own fund and Tk 2363.07 crore in project assistance.”
The Planning Minister said the Bangladesh Telecommunication Regulatory Commission (BTRC) under the Post and Telecommunications Ministry will implement the project by June 2017 under which the country’s first satellite would be launched in the orbit.
He said although there had been delay in undertaking of the project, it would save around Tk 110 to Tk 120 crore every year in foreign currency in broadcasting expenditure once the satellite was launched.
Under the project, two earth stations will be set up at Jaidevpur in Gazipur and Betbunia in Rangamati.
Of the total cost of Tk 2,967.95 crore of the project, Tk 1315.51 crore will come from the public coffer while the rest of Tk 1652.44 crore from the suppliers credit or tender bidders financing.
Asked about the media report of lobbying of a Chinese firm for the project, the planning minister said this is not the time for making comment on the issue as the project has just got the ECNEC approval.
The BTRC will initiate buying “orbital slot” for the satellite after approval.
Bangladesh spends about $14 million [Tk 108 crore] annually on satellite rents for running television channels, telephones and radio connectivity.
“With the launching of the satellite, Bangladesh will become self-reliant and there would be no need for renting bandwidth.” The project was scheduled to start in 2013, but the authorities concerned have failed to maintain the deadline.
Source: Prothom Alo
