The Payra Port Authority and Payra Dredging Company Limited on Monday inked an agreement for ensuring capital-maintenance dredging of Rabnabad Channel in the Payra Port under Public Private Partnership (PPP) initiative.
Chairman of Payra Port Authority Commodore Jahangir Alam and Belgium-based Jan De Nul Company’s Chairman David Jonckheere signed the deal on behalf of their respective sides.
Payra Dredging Company Limited will implement the project under the supervision of Belgium-based Jan De Nul Company at a cost of Taka 8,643 crore as the government declared Payra port a fast track project, reports BSS.
Secretary to the Shipping Ministry Md Abdus Samad and Chief Coordinator for Sustainable Development Goals (SDG) Affairs in the Prime Minister’s Office Md. Abul Kalam Azad witnessed the signing ceremony at the Shipping Ministry in the capital.
According to the contract, the government considered that capital dredging is necessary to create facility for anchoring more vessels to the Payra port aimed at easing movement of goods-laden vessels.
Under the project, 40000 deadweight tonnage of bulk carrier with 10.5 meter draft will be able to move in the channel along with turning basin design and capital dredging including 12 years maintenance facility.
A total of 864,318,743 euro (Taka 8,643 crore) will be required with the help of the Belgian Export Credit Agency, Pasha Dredging Company Limited will receive HSBC and its Consortium Bank.
One of the advantages achieved through the implementation of this project is that, Industrial infrastructure will be developed in the southern part of the country and the socio-economic development of the country.
With the help of the tide, the ships of the maximum 12 meter draft can head straight into the port of the jetty.