Tk 17,777-cr Matarbari Port Dev Project gets Ecnec nod


10th March, 2020 07:38:19 printer

Tk 17,777-cr Matarbari Port Dev Project gets Ecnec nod

The Executive Committee of the National Economic Council (Ecnec) on Tuesday cleared nine projects with an estimated total cost of Tk 24,113.27 crore, including Tk 17,777-crore Matarbari Port Development Project taken to enhance the country’s cargo handling capacity through the port.

The approval came from the weekly Ecnec meeting held at the NEC conference room with Ecnec Chairperson and Prime Minister Sheikh Hasina in the chair.

“Today’s Ecnec meeting approved nine projects involving a total of Tk 24,113.27 crore,” said Planning Minister MA Mannan while briefing reporters after the meeting.

Of the total cost, the Tk 6,151.26 crore will be borne by the state coffer, while Tk 2,213.25 crore will come from the own funds of the organisations concerned and the rest of Tk 15,748.76 crore as project assistance, he said.

Of the approved nine projects, seven are fresh and two others are revised ones.

Talking about the Matarbari Port Development Project, the Planning Minister said the project will be implemented by December 2026 at a cost of Tk 17,777.16 crore aiming to enhance the cargo handling capacity of Bangladesh and thus fulfill the demand of international trade as well as facilitate quicker port services with neighbouring countries.

He said the Matarbari seaport will be the country’s 4th seaport after Chattogram, Mongla and Payra.

Of the project cost, Tk 2,671.15 crore will come from the national exchequer, while Tk 2,213.24 crore from the Chattogram Port Authority and the rest of Tk 12,892.76 crore from Japan International Cooperation Agency (JICA), said Mannan.

The Matarbari port will reduce the pressure on the Chattogram Port alongside meeting the growing demand of the country’s import and export activities, said sources at the Planning Commission.

The Matarbari Port will have two separate large terminals having a 460-metre length and 300-metre width.

The main project operations include construction of a multipurpose terminal, a container terminal and 26.7-km link road, and procurement of necessary cargo-handling equipment.