Bangladesh signs $336m loan for Mongla port expansion and awards DP World 15‑year
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Bangladesh signed a $336 million loan agreement with China to fund the construction of two container jetties, a cargo and delivery yard and the purchase of modern port equipment at Mongla, and the expansion is expected to raise Mongla’s annual capacity by 394,000 TEU.
Bangladesh also awarded DP World a 15‑year concession to operate Chittagong’s New‑Mooring Container Terminal, and workers at Chittagong’s main container gateway threatened an indefinite hunger strike and plan a ‘fast unto death’ on 19 October if the DP World deal is not cancelled.