<span style="color: #222222;">The Executive Committee of the National Economic Council (ECNEC) of Bangladesh has approved the proposal to enhance the capacity of the Mongla port. The decision was taken in a meeting of the ENCEC chaired by Prime Minister Sheikh Hasina in Dhaka on Tuesday.</span><br />'' <span style="color: #222222;">Briefing media persons after the meeting, Planning Minister MA Mannan said that the Mongla port capacity will be enhanced to ensure better facilities for the users.</span><br />'' <span style="color: #222222;"><br />''India has extended a line of credit for the expansion of the Mongla Port capacity. Out of the total estimated project cost of Tk 6014 crore, India will provide Tk 4459 crore equivalent to $ 530 million as Line of Credit for the project.</span><br />'' <span style="color: #222222;"><br />''With the enhancement of the capacity of the Mongla port it would be able to handle 15 million tons of cargo and 4 lakh shipping containers of a standard 20 feet size called TEUs.</span><br />'' <span style="color: #222222;"><br />''The project consists building of two container terminals and related infrastructure facilities at the port.</span><br />'' <span style="color: #222222;">On completion the project will significantly boost connectivity in the BBIN (Bhutan, Bangladesh, India, Nepal) region. It will also boost trade with India, Bhutan and Nepal.</span><br />'' <span style="color: #222222;"><br />''India and Bangladesh had signed a memorandum of understanding (MoU) on the use of Chattogram and Mongla ports in 2015. The MoU envisages transit of goods from Mongla port to north eastern states of India through waterways, roads and railways. Mongla is the second largest sea port in Bangladesh.The project is expected to be completed by June 2024.</span><br />