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India and Bangladesh have signed a Memorandum of Understanding (MoU)

Indian Oil Corporation Ltd (IOCL) and the Roads and Highways Department of People’s Republic of Bangladesh today signed a Memorandum of Understanding in Dhaka. 
•    The MoU enables IOCL to send its trucks carrying Motor Spirit, High Speed Diesel, and Superior Kerosene Oil & Liquefied Petroleum Gas from Meghalaya to Tripura via territory of Bangladesh. 
•    The validity of this facility is till end September, 2016. Both sides have also agreed to extend the transit facility for a further short period on need basis. 
•    The work on the broad gauging of the railway track in the North-Eastern region has shifted the goods vehicle traffic on to the roads. 
•    Further, due to heavy rains in the region this Monsoon, the roads, including NH 44, have been affected resulting in non plying of goods trucks, including those carrying petroleum goods to Tripura. This resulted into a situation of scarcity of essential petroleum goods. 
 

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