Pakistan approves bill for PPP project

The government in Bangladesh has approved a new law that should see the development of a new Seaport PPP.

The country’s cabinet has approved the Paira Seaport Authority Act, 2013 to build the country’s third sea port at Kalapara upazila in the Patuakhali district.

The project will be named as "Paira Sea Port" as it will be set up at the Paira River in the Rabnabad channel of the southern coastal belt. The feasibility study will be carried out before the construction works begins. As per the proposed law, an executive board of six members will be formed to operate the activities of the port. There will also be different panels of specialists and advisory councils to assist the board.

This new project is intended to improve the country’s export-import trading,  and in particular increase exports of fish and agro-products. The total expenditure of the project will be estimated after completing the study.