Bangladesh, July 15 -- The Shipping Ministry has given the green signal to a massive $1 billion eco-friendly shipyard project in Matarbari, a historic step for Bangladesh's maritime plan. Chattogram Port Authority (CPA) Secretary Syed Rafayet Hamim said on Monday that the 'Matarbari Green Dry Dock and Shipbuilding Facility' project has been fast-tracked to the public-private partnership (PPP) stage to accelerate the country's blue economy.
The details of this groundbreaking development are given below: Landownership Model: Zero Debt, 100% Sovereign.
# Australian Support: Fully managed and financed by AIS Marine Investments PTY Ltd.
o No Financial Risk: The state will not bear any debt liability or financial risk during the implementation ...