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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.

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The Army Corps said it does not know how long the more in-depth study is expected to take.

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The government has decided to revise its contract with Jan De Nul, which was appointed for capital dredging of Payra Port’s Rabnabad channel, as the Belgian company has completed the work ahead of schedule.