Timblo drydock to build Dredging Equipment for Mongla Port Authority

Timblo Drydocks based in Goa, India, has signed an agreement with the Mongla Port Authority for building a complete set of dredging equipment for being used by the Mongla Port. Technical support to Timblo Drydocks will be provided by Western Marine Shipyard, for this project.This project has been setimated to be worth USD 80. million.

The contract was signed at the Head Quarters of Mongla Port Authority in Mongla in presence of the Port Chairman Commodore M. H Bhuiyan, BN; Executive Director of Timblo Drydocks Mr. Sarvesh Pramod Timblo & Operation Director of Western Marine Shipyard Ltd. Capt. ABM Fazle Rabbi.

In this project comprises construction of the following equipment/vessels :
One 18 inch cutter suction dredger, one 12 ton BP tugboat, one crane boat, one crew house boat, and one officer's house boat with other accessories which are to be delivered to Mongla Port Authority within a period of 18 months.

This project is a part of the soft loan finance scheme of USD 1 billion, that the Indian Government has sanctioned to Bangladesh recently through EXIM Bank of India. This credit facility has been sanctioned at 59 percent rate of interest for bilateral trade enhancement of both the countries. This is how Timblo Drydocks an Indian origin shipyard got involved with the project to improve trade between Bangladesh & India.

Timblo Drydocks Pvt. Ltd. is one of the many group companies owned by the Panduranga Timblo Group. Besides catering to the shipbuilding & other engineering services industries the Timblo Group is also engaged in other industries like mining,agriculture, shipping and other activities. Timblo Drydocks has a rich expereince and expertise of building various types of vessel like OSVs, MPVs, dredgers, passenger ferries, dry bulk cargo carries etc.

Western Marine has been chosen as a representative by the Shipyard, in Bangladesh based on the rich track record of Western Marine in similar business in the Bangladeshi market. Through this venture both the shipyards would exchange technology & business profile, enhancing Bangladesh-India bilateral trade. It is hoped that joint venture of Western Marine with an Indian shipyard will take the shipbuilding industry of Bangladesh one step ahead.

 


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