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Matarbari Port to contribute 3pc to Bangladeshi GDP growth

ONCE completed, the Matarbari Port is expected to contribute three per cent to GDP growth in Bangladesh as well as relieve congestion at Chittagong, reports the Dhaka Independent

28 March 2021 - 19:00
ONCE completed, the Matarbari Port is expected to contribute three per cent to GDP growth in Bangladesh as well as relieve congestion at Chittagong, reports the Dhaka Independent.

The executive committee of the National Economic Council approved the Matarbari Port Development Project to enhance the cargo handling capacity of the country.



Funding will come from the Government of Bangladesh, the Chattogram Port Authority (CPA), and the Japan International Cooperation Agency (JICA).



The project will be fully implemented by December 2026.



'The existing yearly container handling capacity of the Chattogram Port is 3.1 million TEU. The growing demand will exceed the existing handling capacity within next year,' said Bangladeshi Shipping Secretary Mohammed Mezbah Uddin Chowdhury.



'We have to increase the handling capacity by more than four billion TEU within 2033. Mongla and Payra port will not able to meet the growing demand. So, Matarbari and Bay Terminal are likely to be the solution. The Matarbari Port is likely to add two to three per cent GDP in the country's economy,' said Mr Chowdhury.



'This is another 'dream' project for the country and it will further strengthen our journey towards the ocean as well as boost our trade and commerce,' said Mr Chowdhury.



The government has appointed a consultant to begin construction. The consultant has already completed a geotechnical survey or soil test on the area. The design and drawing of the project are in progress.



Joint Secretary (Planning) of the Shipping Ministry Rafique Ahmed Siddique declared this Matarbari Port would fulfill the government's aspirations for a deep sea port.



'Besides, this port will minimise the pressure on the Chattogram Port alongside meeting the growing demand of the country's import and export activities. Goods transportation to and from the potential industrial estates at Matarbari and Moheshkhali will also be facilitated once this port is established,' said Mr Siddique.


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