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Bangladesh backs $336m China loan for Mongla port expansion as Chittagong workers protest DP World deal
A $336m loan agreement with China will fund expansion and modernisation of Bangladesh's Mongla port, including two container jetties and a cargo and delivery yard, while workers at Chittagong threaten an indefinite hunger strike over a deal handing a major terminal to DP World.
Bangladesh has signed a $336m loan agreement with China to expand and modernise Mongla port. According to the report, the agreement was signed in Dhaka on Sunday.
The loan will fund construction of two container jetties at Mongla, as well as a cargo and delivery yard, and is also intended to cover the purchase of modern port equipment.
Separately, workers at Chittagong, described as the country's main container gateway, are threatening an indefinite hunger strike over a deal that hands a major terminal to DP World.
The source gives no timeline for the Mongla works or for a resolution of the dispute at Chittagong.
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