Bangladesh signs $336 million China loan deal to expand Mongla Port

Bangladesh has signed a concessional loan agreement worth $335.78 million with China to expand and modernise Mongla Port.
The Export-Import Bank of China will lend at 2% interest, repayable over 20 years with a five-year grace period.
The money will fund two container terminals and cargo-handling yards at the country’s second-largest seaport.
Mongla lies about 80 km from the Indian border, which makes the project significant for New Delhi.

Get 100 stories a day on the app Read, watch & listen · Free on iOS & Android

Newer