Bangladesh secures China Exim Bank loan for Mongla Port expansion
Bangladesh is moving ahead with an expansion of Mongla Port after securing concessional financing for new container and cargo facilities. The funding supports work at the country’s second-largest seaport and is aimed at raising cargo-handling capacity with modern terminal infrastructure.
Highlights
- Bangladesh signs a RMB2.404 billion ($335.78 million) concessional loan with China Exim Bank at 2% interest over 20 years, including a five-year grace period.
- Mongla Port Authority will construct two new container terminals, a container yard, a delivery yard, and a cargo-handling yard under the expansion project.
- The investment aims to expand Mongla Port's handling capacity, modernise facilities, and support Bangladesh’s shipping sector by accommodating higher cargo volumes.
Loan terms and port development plan
As reported by The Business Standard, citing the Economic Relations Division of Bangladesh’s Ministry of Finance in a press release, the country signs a concessional loan agreement worth RMB2.404 billion, or $335.78 million, with China’s Export-Import Bank on 10 October.Alia Meher, joint secretary at the ERD, and Fengjun Tian, assistant general manager of China Exim Bank, sign the agreement for their respective sides. The financing carries a 2% interest rate and a 20-year repayment period, including a five-year grace period.
Under the project, the Mongla Port Authority, under the Ministry of Shipping, is set to build two container terminals equipped with modern machinery. The plan also includes a container yard, a container delivery yard and a cargo-handling yard.
Capacity gains for Bangladesh shipping sector
The investment is expected to modernise facilities at Mongla Port and strengthen its role in Bangladesh’s maritime logistics network. Higher handling capacity at the port could support trade flows and ease pressure on existing infrastructure as cargo volumes grow.Mongla Port is Bangladesh’s second-largest seaport, giving the project strategic importance for national shipping and supply chains. The new terminals and yards are designed to improve operational efficiency and expand the port’s ability to process containerised and other cargo.
Bangladesh’s talks with QatarEnergy and Saudi partners on long-term LNG supply and broader energy cooperation highlighted the country’s push to secure stable fuel imports amid risks to key shipping routes. Our earlier article noted that uncertainty around Gulf transit corridors was increasing the urgency of diversification and investment in supporting infrastructure, including LNG terminals and related facilities.
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