Payra seaport is Bangladesh’s third seaport and once ready to accommodate large vessels, will be able to handle local export-import trade at a faster pace thereby reducing the load on the Chittagong Port — Chittagong Port currently handles bulk of export and import including apparel shipments — while also handle goods for neighbouring countries like Bhutan, India and Nepal.
There is a lot of significance of this port as such.
Pertaining to the work on the under construction Payra seaport, the Payra Port Authority (PPA) has recently signed a deal with Jan De Nul (JDN), a Belgium-based dredging company, for capital dredging of 75-kilometre-long main channel of the seaport.
As per the port authorities, once the dredging work is completed, vessels with 10.5 metre draft, carrying 40,000 tonnes cargo and 3,000 TEUs (twenty-foot equivalent units), will be able to berth at the port even as according to the deal, Jan De Nul will remove 89.06 million cubic metres of sediment by carrying out capital and maintenance dredging.