Nine Chinese companies keen to build Bangladesh port with export credit

(Financial Express, Dhaka, 28 March 2015) Ten foreign companies have expressed their interest in funding constrluction of Paira port, the country's third sea port in Patuakhali district, officials said. Of the 10 proposals, 9 came from China and one from Denmark. Officials said the Chinese companies in their proposals stated that they would arrange 'buyers' credit' to fund construction of the port. Expressing interest to sign a MoU with the shipping ministry, Denmark's APM Terminals said it has already obtained initial support from the Danish government to participate in the project construction. It will arrange funding from the Danish government-linked funding institutions like EKF (Danish Export Credit Agency), and IFU (Investment Fund for Developing Countries).