Deep seaport authority soon

http://www.theindependentbd.com/business/others/71283-deep-seaport-authority-soon.html

Deep seaport authority soon
Author / Source : SPECIAL CORRESPONDENT

DHAKA, SEPT 19: The secretary committee on administrative improvement affairs on Monday recommended forming a ‘Deep Seaport Authority’ soon to implement the much-awaited deep sea port project at Sonadia Island. The recommendation was made at the committee meeting held at the cabinet division, with cabinet secretary M Abdul Aziz in the chair.

“The shipping ministry will enact the Deep Seaport Authority Act 2011 for formation of the authority,” Khandoker Anwarul Islam, additional secretary of cabinet division, told The Independent.

The shipping ministry officials said an additional secretary is likely to head the executive board, which would consist of experts from the related field and government officials of the ministry concerned and the Chittagong Port Authority.

The new body will be assigned to monitor the construction of the regional hub port through mobilising Tk 10,500 crore, which is 70 per cent of the total project cost of Tk 15,000 crore.

The authority will mobilise Tk 10,500 crore from the local capital market, bank loan and also from the foreign donor agencies as soft loan.

The grand-alliance government is yet to approve the five techno-economic feasibility study reports of Pacific Consultants International (PCI), a consultancy firm of Japan.

The PCI submitted its reports to the shipping ministry on construction of a deep seaport on March 7, 2007 and it recommended the ‘Sonadia Island’ point, out of nine offshore points, as the most suitable site for construction of deep seaport in Bangladesh.

The study report proposed construction of the deep seaport as a regional hub to facilitate maritime trade with two provinces of China and seven states known as Seven Sisters of Eastern India, in addition to Nepal and Bhutan.

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