AGL 37.72 Decreased By ▼ -0.22 (-0.58%)
AIRLINK 168.65 Increased By ▲ 13.43 (8.65%)
BOP 9.09 Increased By ▲ 0.02 (0.22%)
CNERGY 6.85 Increased By ▲ 0.13 (1.93%)
DCL 10.05 Increased By ▲ 0.52 (5.46%)
DFML 40.64 Increased By ▲ 0.33 (0.82%)
DGKC 93.24 Increased By ▲ 0.29 (0.31%)
FCCL 37.92 Decreased By ▼ -0.46 (-1.2%)
FFBL 78.72 Increased By ▲ 0.14 (0.18%)
FFL 13.46 Decreased By ▼ -0.14 (-1.03%)
HUBC 114.10 Increased By ▲ 3.91 (3.55%)
HUMNL 14.95 Increased By ▲ 0.06 (0.4%)
KEL 5.75 Increased By ▲ 0.02 (0.35%)
KOSM 8.23 Decreased By ▼ -0.24 (-2.83%)
MLCF 45.49 Decreased By ▼ -0.17 (-0.37%)
NBP 74.92 Decreased By ▼ -1.25 (-1.64%)
OGDC 192.93 Increased By ▲ 1.06 (0.55%)
PAEL 32.24 Increased By ▲ 1.76 (5.77%)
PIBTL 8.57 Increased By ▲ 0.41 (5.02%)
PPL 167.38 Increased By ▲ 0.82 (0.49%)
PRL 31.01 Increased By ▲ 1.57 (5.33%)
PTC 22.08 Increased By ▲ 2.01 (10.01%)
SEARL 100.83 Increased By ▲ 4.21 (4.36%)
TELE 8.45 Increased By ▲ 0.18 (2.18%)
TOMCL 34.84 Increased By ▲ 0.58 (1.69%)
TPLP 11.24 Increased By ▲ 1.02 (9.98%)
TREET 18.63 Increased By ▲ 0.97 (5.49%)
TRG 60.74 Decreased By ▼ -0.51 (-0.83%)
UNITY 31.98 Increased By ▲ 0.01 (0.03%)
WTL 1.61 Increased By ▲ 0.14 (9.52%)
BR100 11,289 Increased By 73.1 (0.65%)
BR30 34,140 Increased By 489.6 (1.45%)
KSE100 105,104 Increased By 545.3 (0.52%)
KSE30 32,554 Increased By 188.3 (0.58%)

Bangladeshi Prime Minister Sheikh Hasina is likely to seek Chinese funding to build a deep sea port in the Bay of Bengal when she visits Beijing later this week, officials said Wednesday. The proposed port on Sonadia Island off Bangladesh's south-east coast would cost billions of dollars, but Bangladeshi newspapers have reported that Hasina hopes Beijing will pay part of the bill if a Chinese firm wins the contract.
The country's foreign ministry said the port would feature in the bilateral discussions when Hasina travels to China on Friday on a six-day visit.
"During the tour the two nations may discuss Chinese assistance for the Sonadia Deep Sea Port," Foreign Minister Mahmood Ali told journalists on Wednesday at a briefing two days ahead of Hasina's departure for Beijing.
Another senior official in the prime minister's office confirmed that the port project was expected to feature in discussions although he wouldn't say whether any kind of deal would be signed. The country's largest circulation Bengali daily, Prothom Alo, has reported that state-owned China Harbour is in line to build the port.
It said an announcement to this effect would be made after the meeting between Hasina and her Chinese counterpart Li Keqiang on June 9.
A framework agreement, proposed by China, to construct the port could be signed during the tour, it said. Hasina was keen to award the project to Chinese firms in 2009-14 when she led a coalition government, but held back for fear of upsetting India, a major ally of her government.
If a Chinese company were to be awarded the contract, Sonadia would become the fourth port to be constructed by a Chinese firm in the Bay of Bengal, deepening Beijing's footprint on one of the important sea routes of the world.
Chinese companies have previously built ports in Sri Lanka, Pakistan and Myanmar.
Bangladeshi experts said the country badly needs a deep sea port after years of double-digit expansion of its foreign trade. Dhaka's economy has grown six percent a year for more than a decade. Dhaka's annual trade through its two sea ports currently stands at around $60 billion.

Copyright Agence France-Presse, 2014

Comments

Comments are closed.