Payra Port Authority planned to develop Payra Port Yard & Ancillary Facilities Construction Project, in Payra Port, Patuakhali, Bangladesh. China State Shipbuilding Corp was the EPC contractor. The project was located at Payra Port and was to construct a yard with ancillary facilities. The project would commence in 2020 and was expected to be completed in 30 months. Payra Port would be developed into a major deep sea port in the region and serve as an important hub for the economic corridor connecting China, India, Bangladesh and Myanmar. The project responded to Belt and Road Initiative and would promote local development.