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Sunday, 27 April 2008

Port’s operational activities to be privatized, growth positive

Staff Reporter

Chittagong Port Authority Chairman Commodore M Faruk Saturday said the operational activities of the port would gradually be handed over to private management.

“But the port machinery would not be allowed to be used by the private management after the privatisation,” Commodore M Faruk said while talking to journalists on the occasion of the port’s 121st founding anniversary.

After the privatisation, he said, the port authority would only monitor the port activities as a regulatory body. Referring to the port’s enhanced efficiency, the port chairman said the cargo handling in 2006 was estimated at 1,39657 MT which was raised to 3,59,731 MT in 2007.

Besides, the container handling in 2006 was 8,76,106 units which were 9,58,020 units in 2007, he added. Pointing to the stay of ships in the port, he said, earlier the average stay of ships in the port was 12 days in October 2006 which was reduced to only two and half days following the 1/11.

“Efforts are on to bring down it to two days,” he observed. About the steps taken for modernisation of the port, Commodore Faruk said, “We want to see it as one of the world’s modern ports by 2010.”

While talking about the revenue and income tax, the port chief mentioned that the port earned Tk 741 cr in the fiscal 2005-06, which became Tk 830cr and 2 laks in 2006-07.

Again, the port paid over Tk 144 cr as income tax in 2006-07 which rose to Tk 153 cr and 2 laks in the last fiscal. In 2005-06, it earned a net profit of Tk 220cr and 87 laks which was Tk 224 cr and 93 laks in the last fiscal.

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