Bangladesh moves ahead with $1bn shipbuilding hub

AI Summary

Bangladesh has approved a privately financed $1 billion shipbuilding and repair complex at the Matarbari deepsea port. The project is awaiting technical and financial review by the Public-Private Partnership Authority.

Bangladesh has given initial backing to a privately financed $1bn shipbuilding and repair complex at the emerging Matarbari deepsea port. The Ministry of Shipping has granted in-principle approval for the Matarbari Green Dockyard and Shipbuilding Facility and forwarded the unsolicited proposal to the country’s Public-Private Partnership Authority for technical and financial appraisal. Australia-based AIS Marine …