Last month, Dhaka proposed spending $150m to develop the facility at Patuakhali to meet standards set by the International Maritime Organisation (IMO) in the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships.
Hefazatur Rahman, chairman of Chittagong-based Rahman Ship Breakers and president of the Bangladesh Ship Breakers’ Association, says the yard remains just an idea.
The government has yet to carry out a detailed economic feasibility study before making a final decision, he says.
He
