API
< Back to situations

Monitor this situation.

[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 7 sources · 6 days · First seen · Last updated

Mongla Port expansion project in Bangladesh

Overview

Prime Minister Tareq Rahman is scheduled to launch a major modernization and expansion project at Mongla Port, Bangladesh’s second-largest seaport. The project involves an investment of approximately 4,068 crore BDT to increase capacity through the construction of two modern container jetties, a large container yard, and the acquisition of advanced cargo handling equipment.

Construction officially commenced following a groundbreaking ceremony on November 5. The expansion includes the addition of berths 10 and 11, a freight station, and an integrated command and control center. The China Civil Engineering Construction Corporation is responsible for engineering, procurement, and construction, with a projected design throughput of approximately 350,000 TEUs per year.

The project is being jointly financed by Bangladesh and China, supported by a US$335.78 million concessional loan from the Export-Import Bank of China. A key component of the development is a contract to establish a direct rail link between the Kamalapur ICD in Dhaka and Mongla Port, intended to reduce transportation costs and time.

Entities

Mongla Port Authority · Tarique Rahman · Export-Import Bank of China · Tareq Rahman · China Railway Construction Corporation

Timeline

  1. [BUSINESS] 2 sources
    Mongla Port expansion construction begins in Bangladesh

    Construction has begun on the Mongla Port expansion in Bangladesh, a project funded by a US$335.78 million loan from China to increase container handling capacity.

  2. [BUSINESS] 5 sources
    Bangladesh Prime Minister to launch Mongla Port expansion project

    Bangladesh Prime Minister Tareq Rahman will lay the foundation stone for a 4,068 crore BDT expansion project at Mongla Port to enhance container handling and rail connectivity.

Sources

ajkerpatrika.com · bairdmaritime.com · channelionline.com · deshebideshe.com · indiashippingnews.com · sarabangla.net · terra.com.pe