UK-based Port Evolution Management has submitted a $794.5m plan to develop Mongla Port in Bangladesh.

The plan involves building a container terminal, an oil terminal, a tank farm and a special economic zone.

The port is south-west Bangladesh’s main seaport and is located between Pashur and Mongla River, 62 miles north of the Bay of Bengal, which connects major inland river ports.

Work at the port will be carried out over four years, according to

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