Dhaka, Jan. 7 -- The government has renewed efforts to appoint a contractor for the operation and maintenance (O&M) and marine services of Bangladesh's first single-point mooring (SPM) for a five-year period.

The Tk 80-billion facility, a flagship energy infrastructure project that has remained idle despite being completed more than a year ago, is seen as critical to reducing fuel import costs and improving energy logistics.

State-run Bangladesh Petroleum Corporation (BPC) has floated an international tender for the second time after scrapping an earlier bid over pricing concerns.

The deadline for bid submission has been set for February 1.

Officials say the prolonged delay in operationalising the SPM is forcing the country to incur a...