Chittagong Port Authority to Obtain 283.23 Acres of Land for Matarbari Port Soon
The “Venus Triumph” hoisting the Panamanian flag arrives at the deep water port of Matarbari at 10:30 am on Tuesday December 29, 2020 Dhaka Tribune
Ecnec Approved Matarbari Port Development Project with Tk 17,777.16 Crore to Improve Bangladesh Cargo Handling Capacity
The Chattogram Port Authority (CPA) will soon obtain 283.23 acres of land to develop the port of Matarbari with the aim of improving the country’s cargo handling capacity.
To this end, the CPA has already delivered a check for Tk 75.11 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 Tk 17,777.16 crore aimed at improving the country’s cargo handling capacity.
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 remainder Tk 12,892.76 crore will come from the Japan International Cooperation Agency (JICA).
The CPA under the Ministry of Maritime Navigation and the Roads and Highways Division are implementing the Matarbari Port Development Project, which is expected to be completed by December 2026.
Speaking to BSS, CPA Chairman Rear Admiral M Shahjahan said the main objective of the project is to improve Bangladesh’s cargo handling capacity by building the port of Matarbari including the road link, and thus meet the demand of international trade and facilitate rapid port services with neighboring countries.
Read also – “The port of Matarbari is expected to contribute around 3% of GDP growth”
He said that the port of Matarbari would be the 4th port in the country after Chittagong, Mongla and Payra and that it would be built as a huge port, given the increasing pressure from economic activities.
“This is another dream project for the country and it will further strengthen our journey to the ocean and boost our trade and commerce,” he added.
He said the port of Matarbari would meet the government’s aspirations for a side-by-side deep-water port creating opportunities for anchoring ships loaded with containers, ships loaded with cargo and tankers at the port’s jetty.
âIn addition, this port will minimize the pressure on the port of Chittagong while meeting the growing demand from the country’s import and export business. The transport of goods to and from the potential industrial zones of Matarbari and Moheshkhali will also be facilitated once this port is established, âhe added.
He informed that the port of Matarbari will have two separate terminals where ships with around 8,500 TEU containers could anchor as there will be a draft of 18 meters in the port channel.
The main operations of the project include the construction of a multipurpose terminal and a container terminal, the purchase of the necessary cargo handling equipment and the construction of a connecting road of approximately 26.7 km, a- he added.