Two contracts were signed on Wednesday between Chittagong Port Authority (CPA) and Nippon Koei, JV and between Roads and Highways Department (RHD) and Oriental Consultants Global Company Limited JV for the consultancy services of Matarbari Port Development Project at Hotel Intercontinental in the city.
CPA Project Director Zafar Alam and representative of Nippon Koei JV Naoki Kudo signed the agreement on behalf of their respective sides for engineering services while Project Director of the Matarbari Port Development Project (RHD Part) Md Sadequl Islam and Representative of OC-Global JV Shunji Yoshihara signed the agreement for consultancy services of Matarbari Port Development Project (RHD component), said a press release.
The objective of the project is to develop a reliable and low-cost logistic network for seaborne cargo or freight handling and transporting facilities to maintain competitiveness of Bangladesh products in the global market.
In order to achieve these objectives, a new commercial port and a port connecting road with national highway (N1) at Matarbari, Moheshkhali and Chakoria area in Chittagong division will be constructed, thereby contributing to create facilities with neighboring countries.
The government received a loan amount not exceeding two billion six hundred fifty five million Japanese Yen ( ¥ 2,655,000,000) from Japan International Cooperation Agency (JICA) for the implementation of Matarbari Port Development Project.
This loan will be utilized for the consultancy services for detailed design, tender assistance, construction supervision and one-year warranty for Matarbari Port Development Project.
The Nippon Koei JV, Japan has been selected as top ranked consulting firm to render engineering related services with a negotiated contract price of Taka 2,340,306,614.20 including tax and VAT.
Planning Minister MA Mannan and State Minister for shipping Khalid Mahmud Chowdhury virtually joined the ceremony as chief guest and special guest respectively.
Shipping Secretary Mohammed Mezbah Uddin Chowdhury chaired the program while senior officials from the government, JICA, Embassy of Japan were present on the occasion.
Mannan said the long and trusted relationship between Japan and Bangladesh has gain momentum during the period of this government led by the Prime Minister Sheikh Hasina and Prime Minister of Japan Shinzo Abe.
During this period, Bangladesh has focused on qualitative infrastructure with the Japanese technical and financial corporation, he added.
He said these infrastructures will lead Bangladesh to the middle-income country and in 2041 a developed country.
Khalid Mahmud Chowdhury appreciated the findings of the study that placed the Matarbari deep sea port on the same channel developed by the ultra supercritical coal based power plant project with a little modification.
He mentioned this could be a lesson how to maximize the benefit of investment and value for money strategy.