Bangladesh: The Mongla Port Authority has appointed Egis as the Project Management Consultant for the Upgradation of Mongla Port Project to meet the future capacity, economic growth and hinterland’s industrialization.
Bangladesh state minister for shipping Khalid Mahmud Chowdhury was present at the signing of the contract. High Commissioner of India to Bangladesh Pranay Verma highlighted that Bangladesh is India's largest development partner, both in terms of value and number of projects. Nearly one-fourth of India's development assistance abroad is extended to various projects across sectors in Bangladesh.
State Minister for Shipping Khalid Mahmud Chowdhury, chief guest at the signing event, said “Upgradation of Mongla port will take its capacity close to that of Chattogram port. Mongla Port is pivotal for economic development and it will bring lot of possibilities in hinterland.” Also, he acknowledged Govt. of India’s good will gesture with Govt. of Bangladesh and both the countries have historical relationship.
It will be developed as an alternative to Chittagong port. Along with Bangladesh, the neighboring countries will also benefit from the upgradation as business and trade will expand and employment opportunities will be created, he added.
Indian High Commissioner to Bangladesh Pranay Verma, who was a special guest at the event, said Bangladesh is India's largest development partner in terms of financial value and number of projects. About one-fourth of India's global development assistance has been extended to a number of projects across various sectors in Bangladesh. This strong development cooperation is a reflection of India's commitment to partnership with Bangladesh towards greater growth and prosperity, he said. He emphasised that various connectivity projects like the one in Mongla port, if completed, would have a transformative impact not only on the India-Bangladesh relationship but also on the economy of the entire region.
MPA Chairman Rear Admiral Mohammad Musa and Managing Director of Egis in India, Sandeep Gulati signed the contract on behalf of their respective organizations. Laurent Germain, CEO, Egis Group and Manoj Nainani, Executive Director, Egis in India were also present during the contract signing.
The project is being financed under #GOI - supported by India Exim Bank's Line of Credit (LOC) to Govt. of #Bangladesh.