Chinese firm CCCC tipped for toll collection of Bangabandhu Tunnel

[bluesky]

Chinese firm CCCC tipped for toll collection of Bangabandhu Tunnel

Chinese firm, China Communication Construction Company Limited (CCCCL) will be appointed as a service provider for the Bangabandhu Sheikh Mujibur Rahman Tunnel under Karnaphuli River in Chattagram. Cabinet Committee on Government Purchase (CCGP) at a meeting approved a proposal in this regard on W

thefinancialexpress.com.bd

Chinese firm CCCC tipped for toll collection of Bangabandhu Tunnel​

Published: August 31, 2022 18:57:27 | Updated: August 31, 2022 21:02:09

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File photo (Collected)

Chinese firm, China Communication Construction Company Limited (CCCCL) will be appointed as a service provider for the Bangabandhu Sheikh Mujibur Rahman Tunnel under Karnaphuli River in Chattagram.

Cabinet Committee on Government Purchase (CCGP) at a meeting approved a proposal in this regard on Wednesday.

The same company has been engaged by the government to build the tunnel and its associated infrastructure, reports UNB.
As per the proposal, the Chinese company will collect the toll from the tunnel user vehicles and also conduct its operation and maintenance work at a cost of Tk 9.83 billion for a five-year tenure.
However, the toll structure for the vehicles has yet not been determined by the government.

The under-construction Tunnel is the first underwater expressway in the country, expected to be open to traffic by the end of 2022.
According to officials of the project, 86 per cent of the tunnel construction, including the construction of the main tunnel and the approach roads in Chattogram, has been completed.

The main tunnel is 3.32 kilometres long. It has two tubes, each 2.45 km long, and has a diameter of 10.80 metres. Each tube will consist of two lanes. The tubes are 12 metres apart from each other.

There will be a 5.35 km connecting road on the west and east ends of the main tunnel, along with a 727-metre long bridge.
The tunnel goes under the Karnaphuli at the Patenga Naval Academy point in the port city to a depth of 18m to 31m to Anwara Upazila on the other side of the river.

Officials believe there will be better connectivity between the tourist city Cox’s Bazar, southern Chattogram and the rest of the country once the tunnel is open. It will also decrease the number of vehicles using the two bridges over the river.

South of the river in Anwara lies the Korean and Chinese export processing zones, the CUFL factory and Parki Beach. All routes to Cox's Bazar, Banshkhali and Matarbari power station and deep seaport go through Anwara.

Work on the project began in December 2017. But the pace of work was a bit slow during the coronavirus pandemic.

The official said the construction of the two tubes of the tunnel under the river has already been completed. The first tube took 17 months to complete, but the second one was completed in 10 months.

Structural work on the tunnel is currently ongoing.
Jointly funded by Bangladesh and China, the initial cost of the project was estimated at Tk 9880 crore. The cost was subsequently revised up to Tk 103.74 billion

 

[BananaRepublicUK]

Chinese firm CCCC tipped for toll collection of Bangabandhu Tunnel

Chinese firm, China Communication Construction Company Limited (CCCCL) will be appointed as a service provider for the Bangabandhu Sheikh Mujibur Rahman Tunnel under Karnaphuli River in Chattagram. Cabinet Committee on Government Purchase (CCGP) at a meeting approved a proposal in this regard on W

thefinancialexpress.com.bd

Chinese firm CCCC tipped for toll collection of Bangabandhu Tunnel​

Published: August 31, 2022 18:57:27 | Updated: August 31, 2022 21:02:09

---

File photo (Collected)

Chinese firm, China Communication Construction Company Limited (CCCCL) will be appointed as a service provider for the Bangabandhu Sheikh Mujibur Rahman Tunnel under Karnaphuli River in Chattagram.

Cabinet Committee on Government Purchase (CCGP) at a meeting approved a proposal in this regard on Wednesday.

The same company has been engaged by the government to build the tunnel and its associated infrastructure, reports UNB.
As per the proposal, the Chinese company will collect the toll from the tunnel user vehicles and also conduct its operation and maintenance work at a cost of Tk 9.83 billion for a five-year tenure.
However, the toll structure for the vehicles has yet not been determined by the government.

The under-construction Tunnel is the first underwater expressway in the country, expected to be open to traffic by the end of 2022.
According to officials of the project, 86 per cent of the tunnel construction, including the construction of the main tunnel and the approach roads in Chattogram, has been completed.

The main tunnel is 3.32 kilometres long. It has two tubes, each 2.45 km long, and has a diameter of 10.80 metres. Each tube will consist of two lanes. The tubes are 12 metres apart from each other.

There will be a 5.35 km connecting road on the west and east ends of the main tunnel, along with a 727-metre long bridge.
The tunnel goes under the Karnaphuli at the Patenga Naval Academy point in the port city to a depth of 18m to 31m to Anwara Upazila on the other side of the river.

Officials believe there will be better connectivity between the tourist city Cox’s Bazar, southern Chattogram and the rest of the country once the tunnel is open. It will also decrease the number of vehicles using the two bridges over the river.

South of the river in Anwara lies the Korean and Chinese export processing zones, the CUFL factory and Parki Beach. All routes to Cox's Bazar, Banshkhali and Matarbari power station and deep seaport go through Anwara.

Work on the project began in December 2017. But the pace of work was a bit slow during the coronavirus pandemic.

The official said the construction of the two tubes of the tunnel under the river has already been completed. The first tube took 17 months to complete, but the second one was completed in 10 months.

Structural work on the tunnel is currently ongoing.
Jointly funded by Bangladesh and China, the initial cost of the project was estimated at Tk 9880 crore. The cost was subsequently revised up to Tk 103.74 billion

Give it to the Chinese. They built it. Let the charges service the debt.

Government will not need to service the debt from tax revenue.

It will service using the toll charges.

Exactly the same as Padma bridge.

 

[Bilal9]

Jointly funded by Bangladesh and China, the initial cost of the project was estimated at Tk 9880 crore. The cost was subsequently revised up to Tk 103.74 billion

Tk 103.74 billion is USD 1.09 Billion roughly at current rates.

 

[nahtanbob]

Tk 103.74 billion is USD 1.09 Billion roughly at current rates.

The most iconic bridge in the world has a toll of $125 million per year. This is before expenses.

Annual Vehicle Crossings and Toll Revenues - Statistics & Data | Golden Gate

www.goldengate.org

 

[BananaRepublicUK]

The most iconic bridge in the world has a toll of $125 million per year. This is before expenses.

Annual Vehicle Crossings and Toll Revenues - Statistics & Data | Golden Gate

www.goldengate.org

We already have a similar bridge called Jamuna bridge - which is very profitable.

Padma bridge revenue is based on that bridge.

 

[nahtanbob]

We already have a similar bridge called Jamuna bridge - which is very profitable.

Padma bridge revenue is based on that bridge.

Crossing the Golden Gate Bridge is $8. That is a lot of money for someone in Bangladesh

 

[BananaRepublicUK]

Crossing the Golden Gate Bridge is $8. That is a lot of money for someone in Bangladesh

People who will pay are:

1. Car owners - only upper middle class own cars. 1000tk is nothing for them.

2. Commercial vehicles - spread over many passengers and loads

As I said, we already have a similar size bridge. The number not plucked out of thin air. It’s based on a decade old existing bridge.

 

[nahtanbob]

People who will pay are:

1. Car owners - only upper middle class own cars. 1000tk is nothing for them.

2. Commercial vehicles - spread over many passengers and loads

As I said, we already have a similar size bridge. The number not plucked out of thin air. It’s based on a decade old existing bridge.

I do not have the links for Bangladeshi bridges. 54,000 vehicles per day on the Golden Gate Bridge is the number here
I see Bangladesh has 4 million vehicles. It really boils down to how many vehicles use the bridge

 

[BananaRepublicUK]

I do not have the links for Bangladeshi bridges. 54,000 vehicles per day on the Golden Gate Bridge is the number here
I see Bangladesh has 4 million vehicles. It really boils down to how many vehicles use the bridge

Bangabandhu Bridge raises Tk 64 billion in two decades of tolls

The Bangabandhu Bridge, which spans the Jamuna River, has raised Tk 64.34 billion in tolls since its start more than two decades ago, according to Road Transport and Bridges Minister Obaidul Quader.

bdnews24.com

Enjoy!

Toll is collected by a private company.

 

[nahtanbob]

Bangabandhu Bridge raises Tk 64 billion in two decades of tolls

The Bangabandhu Bridge, which spans the Jamuna River, has raised Tk 64.34 billion in tolls since its start more than two decades ago, according to Road Transport and Bridges Minister Obaidul Quader.

bdnews24.com

Enjoy!

Toll is collected by a private company.

thanks for the link

64 billion takas in 20 years => 3.2 billion takas in 1 year. that works out to $32 million per year. this is before maintenance, debt servicing and other expenses.

If you pay $1 billion for a bridge I will let you figure out the math for various aspects.

Unless economic activity picks up paying $1 billion for the bridge is not going to work out

 

[bluesky]

The most iconic bridge in the world has a toll of $125 million per year. This is before expenses.

Annual Vehicle Crossings and Toll Revenues - Statistics & Data | Golden Gate

www.goldengate.org

Do not worry about the actual tolls collected. Our BBS is good at raising the figures to hoodwink us.

 

[BananaRepublicUK]

Do not worry about the actual tolls collected. Our BBS is good at raising the figures to hoodwink us.

Yep!

These private companies will agree to pay more than they collect

Just to please BBS

 

[EasyNow]

thanks for the link

64 billion takas in 20 years => 3.2 billion takas in 1 year. that works out to $32 million per year. this is before maintenance, debt servicing and other expenses.

If you pay $1 billion for a bridge I will let you figure out the math for various aspects.

Unless economic activity picks up paying $1 billion for the bridge is not going to work out

You are averaging the overall figure, but that's not right. You didn't factor in inflation or revenue growth.

BB bridge raised tk 6.5b last year - during a pandemic. That's double what you've surmised.

Bangabandhu Bridge fetches Tk 6,494cr in tolls until June

Bangabandhu Bridge, commonly known as Jamuna Multipurpose Bridge has fetched Tk 6,494 crore in tolls until June 30, 2021 since its inauguration in 1998

www.businessinsiderbd.com

In fact it's been breaking revenue records consecutively.


2021:

Bangabandhu bridge sets new record in transport movement, toll collection

Bangabandhu bridge has achieved a new record in transport movement and collecting tolls from vehicles in 24 hours till 6:00am today.

www.google.com

2022:

Bangabandhu Bridge: Record 3.35C collected in tolls in a day

A total of 43,595 vehicles crossed the bridge during the period

www.dhakatribune.com

Also tolls are not as expensive as the GG Bridge - tk550 for a car as opposed to $10. So it is not an unrealistic figure.

And best of all - a rate of tk500 was set in 2011 - only raised to tk550 in 2021 - so revenue isn't going up because of inflation - its evidence of increased traffic and increased economic activity in the country.

 

[nahtanbob]

You are averaging the overall figure, but that's not right. You didn't factor in inflation or revenue growth.

BB bridge raised tk 6.5b last year - during a pandemic. That's double what you've surmised.

Bangabandhu Bridge fetches Tk 6,494cr in tolls until June

Bangabandhu Bridge, commonly known as Jamuna Multipurpose Bridge has fetched Tk 6,494 crore in tolls until June 30, 2021 since its inauguration in 1998

www.businessinsiderbd.com

In fact it's been breaking revenue records consecutively.


2021:

Bangabandhu bridge sets new record in transport movement, toll collection

Bangabandhu bridge has achieved a new record in transport movement and collecting tolls from vehicles in 24 hours till 6:00am today.

www.google.com

2022:

Bangabandhu Bridge: Record 3.35C collected in tolls in a day

A total of 43,595 vehicles crossed the bridge during the period

www.dhakatribune.com

Also tolls are not as expensive as the GG Bridge - tk550 for a car as opposed to $10. So it is not an unrealistic figure.

And best of all - that rate was set at 500tk in 2011 only raised in 2021 - so revenue isn't going up because of inflation - its evidence of increased traffic and increased economic activity in the country.

It is a good point about averaging.
even at 6.5 billion takas it is $65 million before expenses and maintenance for a $1 billion bridge.

550 takas is $5.5 compared to $8.40 for Californians with median income of $60,000

The ROI is almost 50+ years

 

[EasyNow]

even at 6.5 billion takas it is $65 million before expenses and maintenance for a $1 billion bridge
550 takas is $5.5 compared to $8.40 for Californians with median income of $60,000

Well the proof is in the pudding. $60000 income or not, Bangladeshis are paying the rate in droves.

You have to remember that the cost is shared between 10s of millions of people. The same people aren't paying all the time - and people share vehicles and costs if needed. As opposed to GG where a single individual can afford to pay the toll several times a month.

Also, the maintenance cost is not as much as you're imagining.

In 2021, a 5 year maintenance contract was given to a Chinese company for 172cr - that's tk34cr / $3.4m per annum. Against an income of $65m, it's clear the numbers add up.

Govt again appoints Chinese company to operate Bangabandhu Bridge

The government has appointed China Communications Construction Company Ltd again to operate and maintain Bangabandhu Bridge.

www.risingbd.com

It is expected to be paid off in 2034 - which is actually very quick - the Dartford bridge in the UK took 40 years to pay for!

Yep!

These private companies will agree to pay more than they collect

Just to please BBS

Honestly the political trolling is shameless. Unfortunately, for people like him, the revenue figures shatter the fantasy of a "made up economy". In fact I was truly impressed that BD has been using international companies for maintenance - showing that infrastructure is being run very sensibly.