BSS: The project for upgradation of Mongla Port, being taken up under the third Indian Line of Credit (LoC), would greatly boost the revenue generation and improve the sub-regional connectivity, trade and commerce and accelerate growth of the entire region.
With the development of the Khulna-Mongla Port rail project, the development of this port will add to the maritime links for movement of goods not only between India and Bangladesh but also to and from Bhutan and Nepal, said officials at the Mongla Port. Mongla port is the second largest port of Bangladesh and has good inland connections to the business hub of Khulna. The project for upgradation of the Mongla Port is being taken up under the third concessional Line of Credit (LoC) of India and includes construction of Jetty no. 1 and 2 of the Mongla Port with an estimated cost of around Taka 6,014.61 crore.
Out of the total project cost, Taka 1,555.20 crore will come from the government of Bangladesh portion while the rest of Taka 4,459.41 crore as project assistance from Indian Line of Credit. The project is scheduled to be completed in the next fiscal year.