UNB :
The government will develop the container terminal -1 at the Payra Port under the Public Private Partnership.
The decision was made at a meeting of the Cabinet Committee on Economic Affairs (CCEA) on March 20 with Finance Minister Abul Hasan Mahmud Ali in the chair.
According to official sources, the CCEA has given its nod in principle to a proposal of the Payra Port Authority (PPA).
The Ministry of Shipping moved its subordinate body’s proposal to the CCEA meeting.
The CCEA has been the highest authority in approving any unsolicited offer in the purchase of the government.
Sources said that after such approval now the PPP Authority will invite interested international companies to place their expression of interest to implement the project.
Payra Port was established in 2013 in Patuakhali district of the country and has now been trying to expand its activities.
It is the country’s third largest seaport, after the Chattogram Port and the Mongla Sea Port, and handles a significant portion of Bangladesh’s international trade.