Cancelled- Chinese EXIM Bank and China Harbour to build port in Sonadia, Bangladesh

In June 2014, the Prime Minister of Bangladesh’s Office announced plans to have China Harbour Engineering Company (CHEC) construct the deep seaport at Sonadia as a part of China’s Maritime Silk Road.

A June 2014 report from The Financial Express stated that the CHEC would receive either a concessional loan or a preferential buyers credit from the Chinese EXIM bank to fund the project. In January 2012, the cabinet of Bangladesh approved initial plans to create the Sonadia port. Bangladeshi PM Sheikh Hasina visited Beijing in July 2014 and was expected to sign an MoU on the Sonadia port.

Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.