Bangladesh: Port-Evo to Invest Big in Mongla Port
The UK-based Port Evaluation Management (Port-Evo) on Saturday proposed to invest around $ 1 billion for the redevelopment of Mongla seaport and operate it on a long-term basis, reports thedailystar.net.
The Port-Evo also wants to invest in river dredging, procurement of new harbour cranes, container terminals, oil tank storage and water treatment plant.
The proposal was made to develop the Mongla port under joint venture with Mongla Port Authorities.
Mongla is the main sea port in the Bagerhat District of south-western Bangladesh.
It was formerly located at Chalna, about 11 miles (18 km) upstream on the Pusur River, but it is now located 48 km south of Khulna city, as established on 11 December 1954.
The port is open for 24 hours and up to 225 metre long ships can enter into the port for discharging cargo. A constraint free large channel is available for anchorage and loading/unloading facilities on both sides for 33 ships at a time.
Dredging Today Staff, July 29, 2012