First Deep Seaport

Ecnec approves Tk 17,777cr Matarbari Project

The Executive Committee of the National Economic Council (ECNEC) has approved nine projects to be implemented at an estimated cost of Tk 24,113.27 crore. Of the projects, seven are new and two are revised projects, including Matarbari Port Development Project at Tk 17,777.16 crore in a bid to enhance the cargo handling capacity of the country.

The approval came at a meeting held at NEC conference room in the city’s Agargaon area on Tuesday with ECNEC Chairperson and Prime Minister Sheikh Hasina in the chair. Briefing reporters after the meeting, Planning Minister MA Mannan said, “Of the total project cost, Tk 6,151.26 crore will come from the Government of Bangladesh, Tk 2,213.25 crore from the concerned organization’s own fund while the rest of Tk 15,748.76 crore as project assistance,”

Mannan said, the country’s first deep-sea project has been approved at an estimated cost of Tk 17,777.16 crore at the meeting. He said, the Matarbari sea port would be the country’s 4th port after Chattogram, Mongla and Payra and it would be built as a huge port due to the growing pressure of economic activities.

“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,” he said. The Planning Minister said, of the total project cost for the Matarbari project, Tk 2,671.15 crore will come as the Government of Bangladesh portion, Tk 2,213.24 crore from the CPA while the rest of Tk 12,892.76 crore from Japan International Cooperation Agency (JICA).

The Chattogram Port Authority and the Roads and Highways Division under the Ministry of Shipping will implement the Matarbari Port Development project by December 2026, he informed.

The Planning Minister said, 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 fulfill the demand of international trade as well as facilitating speedy port services with the neighboring countries.

Prime Minister Sheikh Hasina has advised all to beware of the coronavirus, the Planning Minister said. An official at the Planning Commission said that this Matarbari Port would fulfill the government’s aspirations for a deep sea port side by side creating opportunities for anchoring container-laden vessels, open goods-laden vessels and oil tankers at the port jetty.

Besides, this port will minimize 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.

The port will be equipped with two terminals, he said while adding that one would be 300 metres long and the other, 460 metres long.