Govt mulls proposal to set up ICDs under pvt initiatives

Official sources said yesterday the ICDs will be set up on build, operate and transfer (BOT) basis as the existing ones are unable to cope with the volume of trade.

Two government-owned ICDs -- one in Dhaka and the other in Chittagong -- are now operating.

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Earlier, representatives of the private sector had sought permission to establish ICDs in different parts of the country, including the industrial areas, for the convenience of importers and exporters.

Under the BOT, investors will have to handover the ICDs to the government after a stipulated period, sources said.

The shipping and commerce ministries will work out details of the BOT shortly.

Meanwhile, importers and exporters alleged that in the absence of any approach road to the ICD at Kamalapur in Dhaka, they often faced difficulties in transporting goods.

Earlier, the shipping ministry had conducted a feasibility study on probable ICD sites at Khanpur and Pangaon in Narayanganj.