Dhaka: British company DP Rail has signed a Memorandum of Understanding (MOU) with the Government of Bangladesh / Bangladesh Railway, in the presence of Her Excellency Alison Blake, the British High Commissioner to Bangladesh, and UK’s Trade Envoy for Bangladesh Rt Hon Rushanara Ali MP, for the development of the proposed 240km Dhaka – Payra railway.
The MOU was signed during a ceremony on 20th December 2016 at the Ministry of Railways in Dhaka hosted by Md. Mazibul Hoque MP, Honourable Minister, Ministry of Railways.
Under the terms of this MOU, DP Rail has the exclusive right to develop plans to design, finance, build and operate the railway. The MOU enables DP Rail to proceed with the detailed planning of the railway and to enter into detailed discussions with Payra Port and the users of the port and railway.
DP Rail is working with China Railway Construction Corporation (International) Ltd as its principal civil engineering contractor. Present at the ceremony today to witness the signing were senior representatives from CRCC including Vice President Huang Jianmin.
DP Rail and CRCC have an agreement whereby CRCC will be its partner to undertake the civil engineering construction works for the railway.
The new railway forms a vital part of the Payra Port project, which is designed to provide a new deep water port at the top end of the Bay of Bengal, capable of handling large container ships of 8,000 containers capacity or 120,000 tonnes of cargo.
The British High Commissioner, HE Alison Blake said: “Ms Ali, the UK Prime Minister’s Trade Envoy, and I are delighted to be here for the signing of the MOU between the Govt of Bangladesh and DP Rail. This is a great example of British business expertise supporting the development of Bangladesh infrastructure and future economic development.”
UK Trade Envoy Ms Rushanara Ali MP said: “This is a project of vital national importance to Bangladesh and I welcome the fact that this project has been proposed as a “best of British” railway, representing a substantial export opportunity for the UK railway supply chain. I know from my discussions here that the project also enjoys the unequivocal backing of the Government of Bangladesh, the UK Government, as well as the full support of the Government of the People’s Republic of China through the involvement of DP Rail’s partners, China Railway Construction Corporation. I am looking forward to seeing the benefits that this project will bring to the people and businesses of Dhaka, and to Bangladesh in general.”
Chief Executive of DP Rail, Ian Derbyshire, commented: “Today, we put on record our grateful thanks to the staff of the British High Commission here in Dhaka and to the Department of International Trade in London, as well as to our hosts, the Ministry of Railways. Without all their support this project would not have been possible. Our experienced and knowledgeable team is now ready to put every effort into bringing this exciting and game-changing project to fruition.”