Payra Port Authority

The port authority and the port were established on 19 November 2013 through the Payra Sea Port Act 2013.^[3][4] The port started commercial operations from August 2016 under the port authority.^[5] In 2016 China Harbour Engineering Company and China State Construction Engineering signed an agreement with the authority to improve the port.^[6] The deals were worth more than US$500 million and were signed in the Ministry of Shipping in Dhaka.^[7] The same year the port authority signed an agreement with Bangladesh Navy to build the approach road to the port.^[8]

In December 2017 Jan De Nul started proceeding on a 550 million euro dredging contract.^[9] Payra Port is the 3rd sea port of Bangladesh located in the general area between latitude 21^o15’- 22^o00’ North and longitude 90^o00’- 90^o30’.