, Oct. 14 -- A proposal to approve a bid by China National Energy Engineering & Construction Co Ltd (CNEE) to establish a floating storage and regasification unit (FSRU) at Maheshkhali in Cox's Bazar was withdrawn from the Cabinet Committee on Government Purchase (CCGP) meeting on Wednesday.

The government-to-government (G2G) arrangement of the proposed contract was estimated to cost around Tk 12,324 crore over 15 years or Tk 13,161 crore over 20 years, according to the official document.

The committee, chaired by Finance Minister Amir Khosru Mahmud Chowdhury, decided to withdraw the proposal at its meeting.

The withdrawal means the proposed bid has not received the committee's approval. However, no specific reason for the withdrawal w...