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Published on September 21, 2014
To this effect, IFC, the private sector financing arm of the World Bank, has submitted a concept paper to the Ministry of Shipping.
Bangladesh has been discussing with various countries and foreign companies on funding and construction of the deep-sea port in Sonadia to meet the growing demand of external and internal trade.
Private companies from China, the Netherlands, the United Arab Emirates, Germany, India, Denmark and South Korea had also expressed interest to fund and help construct the port.
Japanese firm, Pacific Consultant International (PCI), conducted a feasibility study on construction of the proposed deep-sea port in 2006.
The report said the seaport at the first stage will have five international standard jetties with the capacity to handle a total of 704.01 million tonnes of containers a year. The construction cost was then estimated at Tk 600 billion.
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