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Saturday, January 21, 2012

Second Submarine Cable Coming by 2014 In Bangladesh

Second Submarine Cable Coming by 2014 In Bangladesh

Bangladesh will be connected to its second submarine cable in 2014.

The state-owned Bangladesh Submarine Cable Company Limited is preparing to complete all related work within Dec 2014, the company's director Manwar Hossain told on Sunday.

The telecom ministry recently issued instructions to BSCCL on how it should collect the funds for this project.

The company is in charge of the only submarine cable connecting Bangladesh to the world, a cable consortium of 16 countries, the South East Asia-Middle East-Western Europe-4 or SEA-ME-WE 4.

In 2014, Bangladesh will be connected to SEA-ME-WE 5.

Manwar Hossain said telecommunications and internet connectivity gets hampered if the SEA-ME-WE 4 suffers any damage.

"Once SEA-ME-WE 5 is connected, there will be no such trouble," he said.

On Oct 14 in Singapore last year, BSCCL had held a meeting with possible partners to lay the SEA-ME-WE 5, officials said.

They said primarily six companies had signed MoUs to participate in the consortium. The new cable would use the latest 100G technology.

They said there was a possibility that the cable would extend to Myanmar as well, whereby Bangladesh would have a smaller share of maintenance cost.

The telecom ministry has laid down three conditions for raising funds for the project, Manwar said.

"The government will not fund the project nor provide any bank guarantees, no loans can be taken from internal sources," he said.

"The project will cost us about Tk 4.5 billion. BSCCL can provide Tk 2.5 billion from its own fund, and the rest can be raised from the share market," he added.

Besides, funds can also be acquired from public-private partnership and low-interest loans from Islamic Development Bank or International Monetary Fund.

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