The consortium composed of Sikder Group, a power-generation company, and Gmaps, a port operator, has been selected to develop the Mongla Port PPP project in Bangladesh.
The project involves the development of 2 jetties, each will be 183 m in length and 40 m in width, with a back-up area of about 90,000 m² and will have capacity to handle 70,000 TEUs per year and 240,000 tonnes per year for general cargo or break-bulks. The project also involves the provision of equipment for the operation of the two jetties.
The project will be developed on a build, operate and transfer (BOT) basis. The concession will have a a period of 30 years and the profit sharing will be 40/60, the Mongla Port Authority (MPA) will get 60 %.
The total project investment is estimated at US$52.75 million.
Mongla Port is located about 131 km inland from the Bay of Bengal on the Pussur river at its confluence with Mongla River. The port was designed to cater for 11 concrete jetties. Mongla Port Authority constructed five jetties (J5, J6, J7, J8 and J9) in the year 1976 to 1978. At the same time pile driving works for jetties J3 and J4 were completed and these jetties as well as Jetties J1, J2, J10 and J11 were earmarked for future expansion.