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- #46
We should have given the project to China instead of India. India with its subpar technology will end up making the Mongla port more inefficient in the name of improving it.Useless project and money down the drain. India does not manufacture even one significant piece of container handling equipment (unlike China or other EU countries), so how they will "improve" container handling is beyond me.
And why this AL govt. awards projects to Indian firms is also questionable to me. The pedigree and experience of this Khalid Mahmud Chowdhury guy as a shipping minister was always open to debate, and now he has been proven to be "on the take" as well.
Look at the math. Tk 6,014 crore project and at an annual return in improvement of Tk. 150 crore. It will take roughly 40 years to pay this off to India with interest. Even that rate of return is questionable.