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9th Dhaka Motor Show 2014 kicks off

motorCommunications Minister Obaidul Quader Friday blamed high interest rate for proposed ‘exorbitant and undue’ fare of the new taxicabs, to ply the streets of Dhaka and Chittagong from Tuesday.

“Bangladesh has the highest bank interest rate in Asia. So entrepreneurs need to charge high to get their money back, as they took bank loans before starting business.”

He said these while speaking as the chief guest of the opening ceremony of 9th Nitol-Niloy Dhaka Motor Show 2014 at Bangabandhu International Conference Centre in the city.

CEMS Global Conference & Exhibition Management Services Ltd USA, in association with CEMS Bangladesh, organized the three-day motor show. It is the biggest and only international exhibition for the automobile sector of Bangladesh.

Renowned and leading car/ motorcycle distributors and dealers, banks, lubricant companies, CNG conversion units, and automotive component manufacturers and importers from Bangladesh and abroad are showcasing their products in over 350 booths of the show.

Among others, DCCI President Shahjahan Khan, American Chamber of Commerce in Bangladesh President Aftab Ul Islam, and Nitol-Niloy Group Chairman Abdul Matlub Ahmed were present in the programme.

The minister said Prime Minister Sheikh Hasina is set to inaugurate 450 new taxicabs Tuesday to make the transport system in Dhaka and Chittagong easier.

The minister said some 250 cabs will ply in Dhaka and some 150 cabs in Chittagong. Former army personnel will drive these cabs, so there will be no chance for corruption.

The senior Awami League leader also said they will consider re-fixing the cabs’ fare in future.

Two months back the government fixed Tk 100 for first two kilometers ride and Tk 34 per kilometer from then with waiting charge for using the cabs. Since then citizen groups and people from different sectors are criticizing the Ministry of Communication for fixing the ‘exorbitant’ fare.

According to a calculation, a cab passenger would have to pay around Tk 1,200 for a ride from Mirpur to Motijheel or from Motijheel to Uttara or from Mohammadpur to Bashundhara, if he is caught in the city’s regular traffic jam. So, a regular cab rider will have to pay around Tk 30,000 per month.

Obaidul Quader also said work order for the Padma Bridge will be given in June.

“Padma Bridge will no more remain a dream. The work order will be given in June, and by 2017 its construction will be completed.”

“About 40 per cent work of the bridge has already been completed,” he added.

Matlub Ahmad said 9th Nitol-Niloy Dhaka Motor Show 2014 will be a glittering showcase of Bangladeshi and global automobile and auto-component industry.

“It will show people the rapid developments of the industry, and will also be a launching pad for many new vehicles and components,” he also said.

Source: Financial Express

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