Payra Sea Port Authority and Payra Dredging Company Limited are set to sign an agreement for ensuring capital-maintenance dredging of Rabnabad channel in the Payra Port under Public Private Partnership (PPP) initiative today.
Belgium-based Jan De Nul Company will implement the capital-maintenance dredging of the channel as the government declared Payra port a fast track project, according to shipping ministry officials, reports BSS.
Chief Coordinator (Sustainable Development Goal) to the Prime Minister’s Office Abul Kalam Azad will witness the signing ceremony as the chief guest at the Shipping Ministry’s office.
According to the contract, the government considered that capital dredging is necessary to create facility for anchoring more vessels to the Payra port aimed at easing movement of goods-laden vessels.
Under the project, 40000 deadweight tonnage of bulk carrier with 10.5 meter draft will be able to move in the channel along with turning basin design and capital dredging including 12 years maintenance facility.
A total of 864,318,743 euro will be required with the help of the Belgian Export Credit Agency, Pasha Dredging Company Limited will receive HSBC and its Consortium Bank.
One of the advantages achieved through the implementation of this project is that, Industrial infrastructure will be developed in the southern part of the country and the socio-economic development of the country.
With the help of the tide, the ships of the maximum 12 meter draft can head straight into the port of the jetty.