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International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
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International Shipping |
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| Bangladesh approves development of its first deepwater port |
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Date:2020-03-24 Readers:
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BANGLADESH's government has approved construction of the country's first deepwater port in Matarbari with a draft of 16 metres and ability to accommodate 8,000-TEU vessels.
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Such a port would help reduce Bangladesh's dependence on feeder vessels that link with the transshipment hubs of Singapore, Colombo and Port Klang, reported London's Loadstar.
Currently, its ports of Chittagong and Mongla have a maximum 9.5 metre draught can only accommodate 2,000-TEU vessels.
The new port will cost US$2 billion, which will be funded by Japan International Cooperation Agency (JICA), the government of Bangladesh and the Chittagong port authority.
Construction is expected to be completed by December 2026. In its first phase, the port will have a 460-metre container quay and a 300-metre multipurpose quay, the two facilities operated by two quay gantry cranes, one multipurpose gantry crane, six rubber tyre gantry cranes, two reach stackers and 12 yard tractors.
Government officials said the country's cargo handling capacity would increase significantly when the port comes into operation and could become a container hub for neighbouring countries.
Planning Minister MA Mannan explained that Bangladesh's export-import activities were increasing year on year and established ports had little capacity to handle this growth.
"As our economic activities have increased significantly, the construction of a deepsea port is now a demand of time," he said.
Bangladesh annually exports goods worth $40 billion and imports $60 billion. The prime seaport, Chittagong, handles 92 per cent of seaborne cargo, and with an annual box handling capacity of 1.7 million TEU, handled 3.1 million TEU in 2019.
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