$800 million investment proposal for developing Mongla port.

I found this news on a online news site and thought it is related to my studies as i took the module Carriage of goods by sea.

A British firm has offered nearly $800 million investment proposal for developing the Mongla port in Bangladesh. According to the proposal, the development will be conducted under Public-Private Partnership (PPP).

The money will be used to construct new facilities including water and power plants and modernize container handling operations.

As Mongla is considered as the second port in Bangladesh, the development of this port will play a significant role in promoting trade and commerce as Bhutan and Nepal will use this port when transit facilities will be launched.

This would certainly have a huge positive impact on Bangladesh economy as most of the goods imported or exported from Bangladesh are done by sea. Therefore developing a new port will enhance their opportunities.

http://biz.bdnews24.com/details.php?id=178775&cid=4&us=sbv39lu4kvfce4tlgppvlij5l1