Mongla, country's second sea port, is expected to get two more complete jetties on its premises within next 24 months under a public-private partnership (PPP) deal signed in Dhaka on Sunday.
As per the contract, the private Power Pack Holdings would complete the construction of the incomplete jetties- Jetty 3 and 4- at a cost of 52.75 million US Dollars and enjoy shared benefits for over next 30 years from operations, Shipping Ministry sources said.
Chairman of the Mongla Port Authority Rear Admiral Riaz Uddin Ahmed and Managing Director of the Power Pack Holdings Ron H Shikder signed the agreements on behalf their respective organizations. Shipping Minister Shajahan Khan, Principal Secretary of the Prime Minister's Office (PMO) Abul Kalam Azad and Shipping Secretary Ashok Madhab Roy were present.
Mongla, which was a losing concern until 2009, made a net profit of Taka 65 crore in 2016. The port has now five jetties and has a plan to increase the number of jetties to 11 in phases. Shajahan Khan said Taka 310 crore has been spent for the port's development between 2008 and 2016. In addition to it, he said, projects involving Taka 2,925 crore are awaited for approval at different levels.
The minister also said that the pragmatic steps taken by the government has turned the port into a profit-making one from a losing concern in last seven years.