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"In total, there will be a Rs 60,000-crore investment by 2047, and it will be through the public-private partnership (PPP) model. The projects will help generate thousands of jobs," the Minister of Ports, Shipping and Waterways Sarbananda Sonowal said.

Sonali Bank officials confirmed that the Payra Port Authority had applied for the funds and that the process of releasing the funds from the central bank is underway. An official of Bangladesh Bank on condition of anonymity said the fund will be released amid the ongoing foreign reserve crisis in the country because there is an agreement on this. However, he said a decision has been taken not to fund any more projects under the BIDF for the time being, according to Daily Asian Age.