The New Nation - Internet Edition

The formal Commencement ceremony for setting up the LAN, WAN & Internet System in Bangladesh Bank was held on 15 November 2007 at its Head Office.

Earlier Bangladesh Bank signed a contract on 25 October, 2007 with ST Electronics (Info-Software Systems) Pte. Ltd., the electronics arm of Singapore Technologies Engineering Ltd (St Engineering), worth about USD Ten (10) million to provide a local and wide area network infrastructure for Bangladesh Bank. This package is a part of the Central Bank’s strengthening project financed by the World Bank (IDA Credit Number 3792-DB). One of the major components of the project is automation of Bangladesh Bank. This procurement is going to contribute greatly to the automation and modernisation of Bangladesh Bank.

Under the contract ST Electronics will supply and implement the local and wide area network infrastructure for the bank over a period of 12 months, beginning November this year. Through this contract, ST Electronics will train the bank's staff on the usage and maintenance of the infrascturcture and network systems for a period of six years.

The wide area network will connect 10 locations (9 offices and BB Training Academy) in Bangladesh's major cities and will form the backbone of the Central Bank's upcoming administrative and financial applications. Various subsystems like power generators, cooling, humidity control, physical access, and fire protection will also be deployed to safeguard the critical equipment and network infrastructure of Bangladesh Bank for optimal business operating environment.