$ 4.5b Dutch funding for Paira seaport on agenda

Queen M�xima arrives Nov 16

Dutch Queen Máxima Zorreguieta Cerruti will arrive on a four-day visit to Bangladesh on November 16 and big investment by the Netherlands in the country is likely during the visit, sources in the home and the foreign affairs ministry said.
Member (Harbour and Marine) of the Paira Seaport Authority Captain Md Saidur Rahman told The Independent that the ministry concerned will discuss with the Dutch queen to invest in different sectors especially in the Paira seaport.
“Already, the Netherlands authorities have expressed their interest to
invest about US$ 4.5 billions to construct and operate the proposed Paira seaport,” he said.
“Not only the Netherlands company, but also other 40 companies of 11 countries including those from India, France and England have expressed their interest to construct and operate the proposed Paira seaport,” he added.
Captain Saidur informed that a proposal of a component of the Paira Seaport project would be placed at today’s meeting of the Executive Committee of the National Economic Council (ECNEC).
During her visit to Bangladesh, the Queen of the Netherlands, also the United Nations Secretary-General's special advocate for inclusive finance for development, will have meetings with President Abdul Hamid, Prime Minister Sheikh Hasina, Foreign Minister AH Mahmood Ali and other stakeholders, the sources said.
Before the visit of Dutch queen, an advance security team will visit Dhaka to review the security arrangement, according to the sources.
The Netherlands has also expressed its interest to construct the proposed deep seaport at Sonadia Island, which is deemed strategically important for the Asia Pacific region, the sources added.
Over 100 Dutch companies currently have their investment in different sectors in Bangladesh.
Paira sea port, located at Ramnabad Channel of the Paira River in Patuakhali district is the country’s 3rd seaport. Chittagong Port Authority (CPA) has already signed a Memorandum of Understanding (MoU) with Paira Seaport Authority, under which the former will provide the latter with monetary, technical and human resources assistance.

The Paira Port Authority had stated that around TK 15,000 Crores will be required to complete the infrastructural part of the construction process and the entire project will take 5 to 7 years for completion.
CPA has provided interest free loans for the feasibility study, land acquiring and other preparatory works on the project.

$ 4.5b Dutch funding for Paira seaport on agenda

Queen M�xima arrives Nov 16

Dutch Queen Mxima Zorreguieta Cerruti will arrive on a four-day visit to Bangladesh on November 16 and big investment by the Netherlands in the country is likely during the visit, sources in the home and the foreign affairs ministry said. Member (Harbour and Marine) of the Paira Seaport Authority Captain Md Saidur Rahman told The Independent that the ministry concerned will discuss with the Dutch queen to invest in different sectors especially in the Paira seaport. Already, the Netherlands authorities have expressed their interest to invest about US$ 4.5 billions to construct and operate the proposed Paira seaport, he said. Not only the Netherlands company, but also other 40 companies of 11 countries including those from India, France and England have expressed their interest to construct and operate the proposed Paira seaport, he added. Captain Saidur informed that a proposal of a component of the Paira Seaport project would be placed at todays meeting of the Executive Committee of the National Economic Council (ECNEC). During her visit to Bangladesh, the Queen of the Netherlands, also the United Nations Secretary-Generals special advocate for inclusive finance for development, will have meetings with President Abdul Hamid, Prime Minister Sheikh Hasina, Foreign Minister AH Mahmood Ali and other stakeholders, the sources said. Before the visit of Dutch queen, an advance security team will visit Dhaka to review the security arrangement, according to the sources. The Netherlands has also expressed its interest to construct the proposed deep seaport at Sonadia Island, which is deemed strategically important for the Asia Pacific region, the sources added. Over 100 Dutch companies currently have their investment in different sectors in Bangladesh. Paira sea port, located at Ramnabad Channel of the Paira River in Patuakhali district is the countrys 3rd seaport. Chittagong Port Authority (CPA) has already signed a Memorandum of Understanding (MoU) with Paira Seaport Authority, under which the former will provide the latter with monetary, technical and human resources assistance. The Paira Port Authority had stated that around TK 15,000 Crores will be required to complete the infrastructural part of the construction process and the entire project will take 5 to 7 years for completion. CPA has provided interest free loans for the feasibility study, land acquiring and other preparatory works on the project.