Mongla port development: ৳44 billion may be invested

mongla port authority
Mongla Port Authority

Grant of ৳44 Billion may get placed soon for upgrading of  Mongla Port

The Mongla port has the trading connections with every single principal port of the world. Ships touching base here are for the most part from Asia, the Middle East, North America, Australia and Europe. Vessels once in a while come to Mongla from the nations of Latin America or Africa.

Mongla port administration said considering the developing concern in utilizing the port by Bangladesh and other South Asian nations, the government of Bangladesh has thought an investment of ৳43.93 billion for the modernization of the harbor, reported the Financial Express.

The Ministry of Shipping (MoS) has decided an improvement extend proposition titled “Modernization and Expansion of Mongla Port Facilities.”

A profoundly ranked authority of the MoS notified to the Financial Express that the plan is sent to the council.

We have sent the proposal to the cabinet division for consideration and approval by the cabinet committee on economic affairs.

The Economic Relations Division (ERD) had planned to execute the venture with Chinese loan.

The Mongla Port Authority (MPA) and China National Complete Engineering Corporation  acknowledged a memorandum of understanding (MoU) on the scheme on 12 August 2015.

Once the venture executed efficiently, the port is relied upon to have the capacity to handle 8,72,000 twenty-foot proportionate units of compartments by 2025.

($1 = ৳78.77)

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