Subscribe free to our newsletters via your
. Space Travel News .




TRADE WARS
Bangladesh to seek Chinese help to build deep sea port
by Staff Writers
Dhaka (AFP) June 04, 2014


Bangladeshi Prime Minister Sheikh Hasina is likely to seek Chinese funding to build a deep sea port in the Bay of Bengal when she visits Beijing later this week, officials said Wednesday.

The proposed port on Sonadia Island off Bangladesh's southeast coast would cost billions of dollars, but Bangladeshi newspapers have reported that Hasina hopes Beijing will pay part of the bill if a Chinese firm wins the contract.

The country's foreign ministry said the port would feature in the bilateral discussions when Hasina travels to China on Friday on a six-day visit.

"During the tour the two nations may discuss Chinese assistance for the Sonadia Deep Sea Port," Foreign Minister Mahmood Ali told journalists on Wednesday at a briefing two days ahead of Hasina's departure for Beijing.

Another senior official in the prime minister's office confirmed that the port project was expected to feature in discussions although he wouldn't say whether any kind of deal would be signed.

The country's largest circulation Bengali daily, Prothom Alo, has reported that state-owned China Harbour is in line to build the port.

It said an announcement to this effect would be made after the meeting between Hasina and her Chinese counterpart Li Keqiang on June 9.

A framework agreement, proposed by China, to construct the port could be signed during the tour, it said.

Hasina was keen to award the project to Chinese firms in 2009-14 when she led a coalition government, but held back for fear of upsetting India, a major ally of her government.

If a Chinese company were to be awarded the contract, Sonadia would become the fourth port to be constructed by a Chinese firm in the Bay of Bengal, deepening Beijing's footprint on one of the important sea routes of the world.

Chinese companies have previously built ports in Sri Lanka, Pakistan and Myanmar.

Bangladeshi experts said the country badly needs a deep sea port after years of double-digit expansion of its foreign trade. Dhaka's economy has grown six percent a year for more than a decade.

Dhaka's annual trade through its two sea ports currently stands at around $60 billion.

The trip to Beijing will be Hasina's second major overseas trip since she retained power in a January general election which was marred by widespread fraud and an opposition boycott. Last month she visited Japan.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TRADE WARS
25 years on, world happy to do business with Beijing's 'butchers'
Washington (AFP) May 30, 2014
Twenty-five years after the West condemned the "butchers" who crushed protesters in Tiananmen Square, China's astonishing economic and military transformation means the world has largely set aside concerns on human rights as it courts the former pariah. Outraged Western nations imposed economic sanctions and banned arms sales after troops killed hundreds of people during the night of June 3- ... read more


TRADE WARS
Elon Musk to present manned DragonV2 spacecraft on May 29

Russia puts satellite in orbit from sea platform after 2013 flop

SpaceX Completes Qualification Testing of SuperDraco Thruster

After Injunction lifted, US rocket with Russian RD-180 Engine takes off

TRADE WARS
New Mars Lander to Probe Interior of Red Planet

A habitable environment on Martian volcano

Mars Curiosity rover may have transported Earth bacteria to Mars

NASA Mars Weather Camera Helps Find New Crater on Red Planet

TRADE WARS
NASA Missions Let Scientists See Moon's Dancing Tide From Orbit

Water in moon rocks provides clues and questions about lunar history

NASA Invites Public to Select Favorite Moon Image for Lunar Orbiter Anniversary Collection

LRO View of Earth

TRADE WARS
Dwarf planet 'Biden' identified in an unlikely region of our solar system

Planet X myth debunked

WISE Finds Thousands Of New Stars But No Planet X

TRADE WARS
Why Does Earth Have No Super-Earth Cousins?

Astronomers identify signature of Earth-eating stars

Starshade Could Help Photograph Distant Planets

Giant telescope tackles orbit and size of exoplanet

TRADE WARS
XCOR Raises Investment Capital Led by Dutch Investors

Antares Launch Postponed

Virgin Galactic Rocket Motor Milestone

Russian Rocket Engine Replacement to Cost US $1.5Bln, Take 6 Years

TRADE WARS
Chinese lunar rover alive but weak

China's Jade Rabbit moon rover 'alive but struggling'

Chinese space team survives on worm diet for 105 days

Moon rover Yutu comes closer to public

TRADE WARS
NASA aims to land on, capture asteroids within next 15 years

Rosetta's target comet is becoming active

NASA Astronauts Go Underwater to Test Tools for a Mission to an Asteroid

25-foot asteroid comes within 186,000 miles of Earth




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.