Dhaka, Bangladesh (BBN)- Syndications and Structured Finance of Prime Bank Limited arranged a visit program for the prospective syndicated lenders to the proposed project site of BM Container Depot Limited (BMCL), a private Inland Container Depot (ICD) at Sitalpur, Sitakunda, Chittagong recently to observe the present implementation status of the project.
The officials and executives of total nine banks and financial institution; namely, Bank Asia Ltd, BRAC Bank Ltd, Mutual Trust Bank Ltd, ONE Bank Ltd, Prime Bank Ltd, Pubali Bank Ltd, The Premier Bank Ltd, Trust Bank Ltd and Infrastructure Development Company Ltd (IDCOL) participated in the visit program.
Prime Bank Executive Vice President and Head of Syndications and Structured Finance Md Touhidul Alam Khan and Vice President and Head of Laldighi East Branch Muhammad Anowarul Islam coordinated the visit. Prime Bank is acting as the lead arranger for financing this project through syndication financing.
BMCL is a Bangladesh-Netherlands joint venture project with the target of container handling capacity of 11,000 TEUs (twenty-feet equivalent unit) per month, earmarking 5,000 TEUs and 6,000 TEUs of export cargo and import cargo respectively.
BBN/SS/SI/AD-1:00 am (BST)