EGIS India Consulting Engineers Pvt. Ltd. has signed a Project Management Consultancy (PMC) services contract with Mongla Port Authority (MPA) for the upgradation of the Mongla port in Bangladesh.
The funding for this project is secured through India's concessional Line of Credit (LOC), which amounts to USD4.5 billion and has been extended to Bangladesh. Within the total project cost of USD530 million under the Government of India's concessional Line of Credit, the contract for Project Management Consultancy (PMC) has been awarded to EGIS India Consulting Engineers Ltd., and its value stands at USD9.60 million. Key features and information about Mongla Port:
Location: Mongla Port is located in the Bagerhat District of Khulna Division in southwestern Bangladesh.
Port Facilities: The port has several terminals for handling different types of cargo, including container terminals, bulk terminals, and general cargo terminals. It also has facilities for handling liquid cargo and offers storage and warehousing services.
Connectivity: Mongla Port is well-connected to various domestic and international destinations through sea routes, contributing significantly to Bangladesh's maritime trade.
Role in Trade: The port is a vital link for Bangladesh's trade with other countries and plays a crucial role in the country's export and import activities.
Economic Impact: Mongla Port's operations have a significant impact on the local and national economy, providing employment opportunities and contributing to the country's economic growth.