Bangladesh to earn $44 mn from goods transitFebruary 27th, 2012 - 8:01 am ICT by IANS
Dhaka, Feb 27 (IANS) Bangladesh can earn about $44 million a year by providing goods transit facilities to India and other neighbouring countries, an expert said.
Transport expert M. Rahmatullah said Sunday there will be an investment boost alongside other positive impacts in various sectors after the facilities are in place.
The country will need three to five years to get its transport system in top gear, The Daily Star quoted Rahmatullah as saying.
“For Bangladesh, transit will open up new avenues of opportunities. It will make out a case for India and China investing in deep-sea port in Bangladesh,” he said.
India will be a major gainer due to reduction in time and cost of goods transport between its northeastern states and the rest of the country, he said at a seminar.
Indian traders might save up to $50 a tonne from such an infrastructure, said Rahmatullah, a member of the government committee on transit.
He added that Bangladesh will need $7 billion over the next decade to develop its road, rail and waterways for goods transit.
- 'Fake barriers, bureaucracy posing hurdles in Indo-Bangla ties' - Apr 27, 2012
- 'Bangladesh needs to invest $7 bn in transit facilities' - Apr 20, 2011
- India looks at opening new waterways with Bangladesh - Nov 29, 2011
- PM pushes use of 'green' inland waterways - Jan 28, 2012
- Tripura CM rejects private participation in infrastructure - Mar 31, 2012
- Dhaka bids for greater South Asian trade connectivity - Jan 07, 2010
- Tripura welcomes investment from Bangladesh: Chief Minister - Jan 19, 2012
- 'If Bangladesh grows, northeast India would develop too' - Apr 26, 2012
- Bangladesh plans waterway transit for Bhutan - Jan 17, 2011
- Transit to Indian goods through Bangladesh won't be free - Nov 09, 2010
- India's transit fee non-payment as per global norms: Dhaka experts - Apr 06, 2011
- Transit facility to India not now: Dhaka - Sep 06, 2011
- India to improve rail-road links to Bangladesh: Officials - Dec 06, 2010
- Bangladesh minister draws flak for 'transit' remark - Nov 04, 2010
- First private consignment reaches Tripura via Bangladesh - Sep 29, 2011
Tags: bangladesh, daily star, deep sea, dhaka, gainer, goods transport, government committee, indian traders, neighbouring countries, new avenues, northeastern states, rahmatullah, sea port, sectors, tonne, top gear, transit facilities, transport expert, transport system, waterways