The construction work of a single point mooring (SPM) at Maheshkhali Island, including the installation of 220km-long double pipeline is going in full swing.
According to Bangladesh Petroleum Corporation (BPC) sources, a total of 26 per cent work of the project has so far been completed. The construction work will be completed by August next year, sources added.
'Blue Water' a Holland Firm, has already started the manufacturing of the SPM in a Chinese workshop which is expected to be completed by one year. The authorities concerned have already acquired a total of 191 acres of land for the project.
Sources further said the installation work of 220km- long double pipeline has already started.
The project styled "Installation of Single Point Mooring with double pipeline' includes construction of storage tank, pump house and pipeline. The estimated cost of the project is around Tk 5,500 crore. The Chinense Exim Bank has signed an agreement to provide financial assistance for the project.
