'Payra Seaport would be built on G-to-G, FDI basis'

Shipping Minister Shajahan Khan today said that the Payra Seaport would be built on a government-to-government (G-to-G) and foreign direct investment (FDI) basis, reports the BSS.

 

The minister made the assertion while replying to a question from opposition bench member AKM Maidul Islam of Kurigram in the Jatiya Sangsad.

 

Shajahan Khan said the government will provide land and build infrastructure for the seaport. The foreigners will invest their money in the project, but the government of Bangladesh would not require any direct financial investment, he said.

 

The minister told the House that the government has undertaken initiatives to implement the Payra Seaport project in three phases.

 

The construction of the seaport will be completed by 2023 in the third phase, Shajahan Khan informed the House.

 

"We would be able to achieve our export and import targets by using the seaport and earn foreign currency through expanding the country's international trade," he added.