Economic Reporter :
The government today signed a memorandum of understanding (MoU) with a Belgian company to develop the Payra Deep-sea Port project.
Payra Port Authority (PPA) Chairman Captain Md Saidur Rahman and Danny Di Hert of Belgian company Jan De Nul signed the MoU on behalf of their respective sides.
Shipping Minister Shajahan Khan and secretary of the shipping ministry Ashok Madhab Roy were present at the MoU singing ceremony, held at the shipping minister’s official residence in the city.
Under the deal, the company would carry out major capital dredging and civil engineering work of Rabnabad channel in Kalapara of Patuakhali to make it operational for the deep-sea port.
“This is one of the first track projects of the present government to help expedite the economic prospect of the country”, the shipping minister told the signing ceremony.
Referring to the MoU, he said the capital dredging is the foremost important part among 19 major components of the project.
“The interested foreign companies would come forward for doing other jobs of the project and invest in it once the capital dredging and civil engineering work are done”, Khan said.
He said the necessary coal could also be shipped for coal-based power plant there when the channel would be operative after dredging.
Briefing on the port development plan, the minister said the capital dredging would be done by the first half of the next year.
“Dredging of a 10-meter deep channel, development of multipurpose and bulk terminals and port infrastructure would be completed by 2018 under the mid-term plan,” he said.
According to the shipping ministry, many foreign companies have already expressed their interest in developing the port, which would be fully operative by 2024.
The government today signed a memorandum of understanding (MoU) with a Belgian company to develop the Payra Deep-sea Port project.
Payra Port Authority (PPA) Chairman Captain Md Saidur Rahman and Danny Di Hert of Belgian company Jan De Nul signed the MoU on behalf of their respective sides.
Shipping Minister Shajahan Khan and secretary of the shipping ministry Ashok Madhab Roy were present at the MoU singing ceremony, held at the shipping minister’s official residence in the city.
Under the deal, the company would carry out major capital dredging and civil engineering work of Rabnabad channel in Kalapara of Patuakhali to make it operational for the deep-sea port.
“This is one of the first track projects of the present government to help expedite the economic prospect of the country”, the shipping minister told the signing ceremony.
Referring to the MoU, he said the capital dredging is the foremost important part among 19 major components of the project.
“The interested foreign companies would come forward for doing other jobs of the project and invest in it once the capital dredging and civil engineering work are done”, Khan said.
He said the necessary coal could also be shipped for coal-based power plant there when the channel would be operative after dredging.
Briefing on the port development plan, the minister said the capital dredging would be done by the first half of the next year.
“Dredging of a 10-meter deep channel, development of multipurpose and bulk terminals and port infrastructure would be completed by 2018 under the mid-term plan,” he said.
According to the shipping ministry, many foreign companies have already expressed their interest in developing the port, which would be fully operative by 2024.
