In a bid to increase the cargo handling capacity, the Chittagong Port Authority (CPA) will get soon 283.23 acres of land, for developing the Matarbari port.
Media reports maintained this while adding that for the development project around the Matarbari seaport — On 10 March 2020, the Executive Committee of the National Economic Council (ECNEC), in a bid to enhance the cargo handling capacity of the country, approved the ‘Matarbari Port Development Project’ with Taka 17,777.16 crore; and of the total project cost of Taka 17,777.16 crore for the Matarbari project, Taka 2,671.15 crore will come from the Bangladesh Government, Taka 2,213.24 crore from the CPA while the rest Taka 12,892.76 crore from Japan International Cooperation Agency (JICA) — the CPA has handed over to the Cox’s Bazar district administration office, a cheque of Taka 75.11 crore for the 283.23 acres of land acquired.
Meanwhile, speaking to the media, Chairman of the CPA, Rear Admiral M Shahjahan underlined the main objective of the project is to enhance the cargo handling capacity of Bangladesh through constructing the Matarbari port including link road and thus fulfil the demand of international trade as well as facilitating speedy port services with the neighbouring countries, and went on to maintain the Matarbari Sea Port would be Bangladesh’s fourth port after Mongla, Chittagong and Payra and it would be built as a huge port, in view of the growing pressure of economic activities.
