Archrivals China, India move in to fund same Bangladesh port

DHAKA -- China and India are stepping forward to invest in the same Bangladeshi port, raising eyebrows as the regional rivals compete for influence in the South Asian country.

The two have zeroed in on the development of Mongla, Bangladesh's second-largest port, in the southwest of the country. China and India have been eyeing the facility for years, promising to provide hundreds of millions of dollars, but holding off on following through.