Consultancy contract for Bangladesh Port been awarded to Indian firm

An Indian firm has been awarded a contract to provide consultancy for a capacity building project at Mongla port, Bangladesh's second largest seaport, which will improve sub-regional connectivity in South Asia. Mongla Port Authority and EGIS India Consulting Engineers signed the contract earlier this week. While India will provide the majority of the funding for the project, the Sheikh Hasina government will provide the remainder. The project is expected to be finished by July 30, 2024. The project will include the construction of a container terminal, handling and delivery yards, a residential complex and community facilities, a marine workshop, and a service jetty. The Mongla port, once upgraded, will serve the business interests of eastern India, the north-eastern states, and Southeast Asian countries. The upgrading of Mongla port will improve Bangladesh's maritime connectivity, not only with India but also with Bhutan and Nepal. Also read: Maruti Suzuki signs agreement with Kamarajar Port to boost exports IIFCL has approved loans totaling Rs 82.44 billion to develop 20 ports