Bangladesh secures 335 million dollar Chinese loan to modernise Mongla port

Bangladesh signed a loan agreement worth 335.78 million dollars with the Export-Import Bank of China on October 13, 2026, to expand and modernise Mongla Port. The Daily Star reported that the agreement is valued at 2.404 billion RMB, or 3,592.90 crore taka. The Ministry of Finance Economic Relations Division issued a press release confirming the deal, which involves concessional financing confirmed by the Chinese government. [1]

Under the modernization project, the Mongla Port Authority will construct two container terminals equipped with modern machinery, according to the Daily Star. The planned infrastructure expansion also includes building a container yard, a container delivery yard, and a cargo handling yard to upgrade port capacity. [1]

The Port of Mongla is located at Mongla in the Khulna Division, near the north shore of the Bay of Bengal along the Pashur river. It serves as the second largest and busiest seaport in Bangladesh, following the Port of Chittagong. The port has historic significance in the Bengal delta and is connected to Khulna by rail. [2]