Dhaka, Sept. 12 -- Aiming to shift cargo from overburdened highways to cost-effective river routes, the Chittagong Port Authority (CPA) has signed two agreements to revive Dhaka's Pangaon Inland Container Depot (ICD) and enhance the country's inland waterway cargo handling capacity.

On Wednesday, CPA inked a memorandum of understanding (MoU) with the Bangladesh Inland Water Transport Authority (BIWTA), under which the long-term management of Pangaon ICD will be leased out for 10 years.

A separate MoU was also signed with the Bangladesh Navy to construct a heavy-lift cargo jetty at Chattogram port's Laldia-2 area. The agreements were signed at the BIWTA headquarters in Dhaka in the presence of Shipping Adviser Brig Gen (retd) M Sakhawat ...