The Matarbari port, a deep-sea port being developed in Cox’s Bazar district, Bangladesh, is expected to boost trade and investment in the country and help connect its industrial value chains with Northeast India.

The port is being developed by the Bangladesh government and a consortium of Japanese companies. The first phase of the project is expected to be completed by 2024, and the port will have a capacity of handling 12 million TEUs of containers per year.

The Matarbari port is located in the Bay of Bengal, about 180 kilometers south of Chittagong port. The port is being developed on a 19,000-hectare site. The first phase of the project includes the construction of a 300-meter-long breakwater, a 2,000-meter-long quay, and a container terminal with a capacity of 3 million TEUs per year. The second phase of the project will include the construction of an additional container terminal with a capacity of 9 million TEUs per year.

The Matarbari port is expected to boost trade and investment in Bangladesh. The port is expected to attract new investment in the country’s export-oriented industries, such as garments and textiles. The port is also expected to help connect Bangladesh’s industrial value chains with Northeast India. Northeast India is home to a number of natural resources, such as coal, minerals, and timber. The Matarbari port can help to facilitate the export of these resources to Bangladesh and other countries.

“The Matarbari port is a major infrastructure project for Bangladesh,” said a spokesperson for the Bangladesh government. “The port is expected to play a significant role in the country’s economic development.”

The Matarbari port is a win-win for both Bangladesh and Northeast India. The port will help to boost trade and investment in both countries, and it will also help to connect their economies. The Matarbari port is a major undertaking, but it has the potential to be a game-changer for both countries.

In addition to the economic benefits, the Matarbari port is also expected to create jobs and generate income. The port is expected to create about 100,000 jobs during its construction phase and about 50,000 jobs during its operational phase. The port is also expected to generate about $1 billion in revenue for the Bangladesh government each year.

The Matarbari port is a major step forward for Bangladesh and Northeast India. The port is expected to have a significant impact on the economies of both countries and to help to connect their economies. The Matarbari port is a game-changer for the region.