Deal for Payra capital dredging inked

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DHAKA, Jan 14, 2019 (BSS)- The Payra Port Authority and Payra Dredging
Company Limited today inked an agreement for ensuring capital-maintenance
dredging of Rabnabad Channel in the Payra Port under Public Private
Partnership (PPP) initiative.

Chairman of Payra Port Authority Commodore Jahangir Alam and Belgium-based
Jan De Nul Company’s Chairman David Jonckheere signed the deal on behalf of
their respective sides.

Payra Dredging Company Limited will implement the project under the
supervision of Belgium-based Jan De Nul Company at a cost of Taka 8,643 crore
as the government declared Payra port a fast track project.

Secretary to the Shipping Ministry Md Abdus Samad and Chief Coordinator for
Sustainable Development Goals (SDG) Affairs in the Prime Minister’s Office
Md. Abul Kalam Azad witnessed the signing ceremony at the Shipping Ministry
here.

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 (Taka 8,643 crore) 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.