The government on Wednesday approved a deal with Nippon Koei of Japan for the appointment of the company as the consultant of Matarbari Port Development Project at the Bay of Bengal.
Nippon will provide design and tender assistance and supervise the construction of the port under the Tk 234 crore deal approved by the cabinet committee on national purchases.
Agriculture minister Muhammad Abdur Razzaque presided over the virtual meeting in the absence of finance minister AHM Mustafa Kamal, who is now in abroad.
Additional secretary Nasima Begum of the cabinet division told reporters in a virtual briefing that the Japanese company was appointed to the project being implemented by the ministry of shipping.
On March 10, the Executive Committee of the National Economic Council approved the construction of a port at Matarbari with Japanese loan to fill the absence of a deep sea port in the country.
The Chattogram Port Authority and the Roads and Highways Division would implement the Matarbari Port Development Project involving Tk 17,777 crore with the Japan International Cooperation Agency providing a Tk12,892 crore as loan.
Planning minister MA Mannan said it was ‘another dream’ project aimed at facilitating the country’s growing exports and imports. The project is expected to be completed by 2026.
Nasima Begum said the committee approved seven other proposals including procurement of 7.30 lakh tonne fertiliser at a cost of Tk 1,357 crore for the current fiscal year and the import of refined petroleum oils from Thailand, China, Singapore, Malaysia and Indonesia for meeting the demand until December this year.
The committee also approved purchasing equipment from Flora Telecom Limited for an educational programme related project at a cost of Tk 96.85 crore.
Want stories like this in your inbox?
Sign up to exclusive daily email
More Stories from Country