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Plan to set up modern shipyard at $1.58bn

Bangladesh aims to be a shipbuilding nation, says industries minister

  • Special Correspondent
  • 25 January, 2022 12:00 AM
  • Print news
Plan to set up modern shipyard at $1.58bn

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The government has planned to develop  an international standard shipyard with state-of-the-art technologies near Pyara Port in Patuakhali at an estimated cost of $1.58 billion.

Singapore and Australia-based Gentium Solutions and Dutch shipyard giant Damen Shipyards Group have shown interest to invest in the construction of the shipyard.    

Gentium Solutions adviser and former secretary to Bangladesh government Md Kaikobad Hossain, senior director at Naval Projects Eef van den Broek and regional sales director (Asia Pacific) of Damen Shipyards Group Rabien Bahadoer met with Industries Minister Nurul Mazid Humayun on Monday.

They expressed  the interest to set up up the giant shipyard in the country.   

Bangladesh Steel and Engineering Corporation (BSEC), Gentium Solutions and Damen Shipyards Group signed a memorandum of understanding (MoU) to conduct a “Feasibility Study for Developing a World Class Shipbuilding and Ship Repair Facility (WCSBF) in the Patuakhali District of Bangladesh”.

After the meeting, industries ministry said the ministry will receive the country’s largest ever foreign direct investment in ship-building industry sector once the project gets final approval.

   Industries secreatry Jakia Sultana, Gentium Solutions Dr Saidur Rahman, Gentium Solutions technical chief Brig Gen (Retd) Arif Ahmed Chowdhury and additional secretary to industries ministry Faizul Amin attended the meeting.

Industries minister said Bangladesh wants to be a shipbuilder nation from being a shipbreaking and purchasing one.

He said Prime Minister Sheikh Hasina already announced to establish an international stardard shipyard and ship maintainace industry at Pyara.

Humayun said the industries ministry will acquire land near Pyara sea port to implement the project.

Representatives from Gentium Solutions and Damen Shipyards Group said around 2,000 local people will be employed at the initial stage of the project implementation.

They said the project will also help the local labour force to develop their expertise and skills in the industry.

The proposed shipyard will help to transfer the world class technologies in the sector to the country.

In 2014, Prime Minister Sheikh Hasina pledged to establish a shipyard industry with state-of-the-art technologies near Pyra seaport in Patuakhali.

Besides, the government also allocated 101 acres of land near Pyara port to implement the proposed project.