Ecnec approved Matarbari Port Development Project with Tk17,777.16 crore aiming to enhance cargo handling capacity of Bangladesh
The Chattogram Port Authority (CPA) will get 283.23 acres of land soon for developing the Matarbari Port in a bid to enhance the cargo handling capacity of the country.
To this end, the CPA has already handed over a cheque of Tk75.11 crore to the Cox’s Bazar district administration office for the 283.23 acres of land acquired for the development project around the Matarbari seaport.
On March 10, 2020, the Executive Committee of the National Economic Council (Ecnec) approved the Matarbari Port Development Project with Tk17,777.16 crore aiming to enhance the cargo handling capacity of the country.
Of the total project cost, Tk 2,671.15 crore will come from the government, Tk 2,213.24 crore from the CPA, while the rest Tk12,892.76 crore will come from the Japan International Cooperation Agency (JICA).
The CPA under the Ministry of Shipping, and the Roads and Highways Division are implementing the Matarbari Port Development Project, which is scheduled to be completed by December 2026.
Talking to BSS, CPA Chairman Rear Admiral M Shahjahan said the main objective of the project is to enhance the cargo handling capacity of Bangladesh through constructing the Matarbari Port including link road and thus fulfil the demand of international trade as well as facilitate speedy port services with neighbouring countries.
He said the Matarbari Port would be the country’s 4th port after Chittagong, Mongla and Payra and it would be built as a huge port, in view of the growing pressure of economic activities.
“This is another dream project for the country and it will further strengthen our journey towards the ocean as well as boost our trade and commerce,” he added.
He said that the Matarbari Port would fulfil the government’s aspirations for a deep-sea port side by side creating opportunities for anchoring container-laden vessels, open goods-laden vessels and oil tankers at the port jetty.
“Besides, this port will minimize the pressure on the Chittagong Port alongside meeting the growing demand of the country’s import and export activities. Goods transportation to and from the potential industrial estates at Matarbari and Moheshkhali will also be facilitated once this port is established,” he added.
He informed that the Matarbari Port will have two separate terminals where ships with around 8,500 TEU containers could anchor as there will be an 18-meter draft at the port channel.
The main project operations include construction of a multipurpose terminal and a container terminal, procurement of necessary cargo handling equipment and construction of around 26.7km link road, he added.