Bangladesh, Oct. 13 -- China has agreed to provide a $335.78-million concessional loan to expand and modernise Mongla Port, Bangladesh's second-largest seaport.

The Bangladesh government and the Export-Import Bank of China signed a loan agreement on October 10 in Dhaka for the project titled 'Expansion and Modernisation of Mongla Port Facilities', according to a press release issued by the Economic Relations Division (ERD) of the Ministry of Finance.

Alia Meher, joint secretary of the ERD, and Fengjun Tian, assistant general manager of the Chinese bank, signed the agreement on behalf of their respective sides.

The project will include the construction of two container terminals equipped with modern machinery, a container yard, a cont...