The Chattogram Port Authority (CPA) has signed an agreement with three consultancy firms for the channel dredging and breakwater construction works of the Bay Terminal construction project at Tk51.30 crore.
The joint venture of Sellhorn Ingenieurgesellschaft mbH, Germany; AQUA Consultant & Associates Ltd and KS Consultants Ltd, Bangladesh, signed the agreement in Bandar Bhaban on Wednesday, an APC press release said.
Under the agreement, the consultancy firms will work on “the selection of an international consultancy firm for a detailed engineering design of the breakwater for the Bay terminal and assess the actual volume of capital dredging, including the necessary studies in accordance with the latest international standard”.
Under the agreement, the consultancy firms will prepare design, drawing, estimate and tender documents for the breakwater and access channel dredging works within the next six months. .
CPA Chairman, Rear Admiral M Shahjahan, all CPA members, Sellhorn Ingenieurgesellschaft mbH representative Manfred Voss, KS Consultants Ltd Managing Director Md Hafizur Rahman and CPA Heads of Departments were present at the signing ceremony.
According to information from Chattogram Port, the Cabinet Committee on Economic Affairs, in a meeting held on August 31, approved the appointment of consultants.
In this context, members of the World Bank technical committee visited the port of Chattogram on 4 September. The global lender will provide a Tk 4,000 crore loan to Chattogram Port for the dredging of the breakwater and access channel.
According to Chattogram Port sources, a total of three terminals will be built under the Bay Terminal project. The port of Chattogram will finance the construction of one of them. The other two will be built with foreign investment.
The port had previously appointed the Indian company “Ernst and Young” as transaction advisor for the two terminals which will be built under the framework of public-private partnership (PPP) and government-to-government (G2G).
The Indian company is working with DP World and PSA Singapore on a business model to operate the two terminals.
Source: Trade Standard