Bangladesh Prime Minister to launch Mongla Port expansion project

Prime Minister Tareq Rahman is scheduled to lay the foundation stone for a major modernization and expansion project at Mongla Port on November 5. The project, aimed at increasing the capacity of Bangladesh's second-largest seaport, involves an investment of approximately 4,068 crore BDT.

The expansion includes the construction of two modern container jetties measuring 368 meters in length, a large container yard, and the acquisition of 49 pieces of advanced cargo handling equipment. While the Bangladesh government is investing 475 crore BDT, the remaining funds are being provided by Chinese authorities following recent agreements.

A significant component of the development involves a contract between ‘Invest Bangladesh’ and the ‘China Railway Construction Corporation’. This agreement aims to establish a direct rail link between the Kamalapur ICD in Dhaka and Mongla Port, which is expected to reduce transportation costs and time. Once completed, the port is projected to handle over 30 containers per hour, reaching an annual capacity of approximately 400,000 TEUs.