Mersey Docks is investing in a $290m container port development project in Bangladesh, according to Lloyds List.
A new two-berth container port will be built at Patenga, near Chittagong,
within the next 3 years. $50m is earmarked for road and rail connections.
A UK based consortium "Port Ventures" involving up to 10 companies
overseen by the UK Department of Trade and Industry will attempt to raise
$80m over the next 15 months, with a further $220m funded through lenders
including the World Bank and the Asian Development Bank. The management
and marketing company TCM is helping to coordinate the build-own-operate
bid.
So far only Mersey Docks and High Point Rendel are known to be consortium members, but the Singapore Port Authority and a Korean car manufacturer are also interested and the Bangladesh government will hold a minority stake in the port operators.
LabourNet Report
