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Sonadia deep seaport proposalsA revolutionary success in marine sector is going to be achieved

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July 2, 2014

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Sonadia deep seaport proposalsA revolutionary success in marine sector is going to be achieved

Nayon Kumar Biswas, Dhaka

The multibillion dollar investment proposal for construction of deep seaport was performed at the Prime Minister’s Office.

The DP World, an Emirati marine terminal operator interested in investing in three major projects in Bangladesh, proposed that a study be conducted before investment in construction of a deep-sea port at Sonadia in Cox’s Bazar was made.

Members of the government’s high-level committee were present at the presentation.

The marine terminal operator proposed a long-term agreement for the New Mooring Container Terminal be made based on the Build-Operate-Transfer (BOT) method at the Chittagong port. This is a joint venture with the government of Bangladesh for building a deep seaport at Sonadia and also an inland container terminal on JV/EOT/BOT at Gazipur.

Jamal Abdul Nasser, CEO of the deep seaport body told that another two companies from the Netherlands and China also made presentations.

“Nothing has been finalized yet. It will be done during the next meeting to be held soon,” he said.

According to the proposal of DP World at least $14 billion will be needed to construct the deep seaport. Construction will be completed in three phases by the year 2055.

“The DP World has a portfolio of more than 65 marine terminals across six continents, including new developments underway in India, Africa, Europe, South America and the Middle East. In 2012, it handled more than 56 million TEU (twenty-foot equivalent container units)” the proposal reads.

The proposal again noted that Bangladesh had achieved effective economic growth in its export and import trade.

The proposal also said that all most all the export import of the country is controlled by Chittagong port.

The additional secretary of the shipping ministry Mohammad Alauddin attended a meeting of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) in Thailand on March 18.

Construction of deep-sea ports in the BIMSTEC area is expected to be discussed at the meeting.

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