Dhaka, April 23 -- A joint venture (JV) of two Japanese companies will construct Bangladesh's first deep-sea port at Matarbari in the south-eastern district of Cox's Bazar.

In a milestone development in the implementation of the Tk 243.81 billion project, Chittagong Port Authority (CPA) signed a contract with leading Japanese construction firms Penta-Ocean Construction Company Ltd and TOA Corporation at a ceremony at Le Meridien Dhaka on Tuesday.

CPA Chairman Rear Admiral SM Moniruzzaman and Penta-Ocean General Manager (maritime) and Head of Civil Engineering Division Tomokazu Hasegawa signed the Tk 61.96 billion contract on behalf of their respective sides.

Shipping Adviser Brig Gen (retd) Dr M Sakhawat Hussain attended the event and ...