Chattogram:Shipping Minister Shaikh Rabiul Alam announced that the Bay Terminal project is expected to significantly enhance the overall capacity of Chattogram Port, facilitating faster cargo transportation. The project is a government priority aimed at meeting the increasing demands of Bangladesh's import-export trade while modernizing port management.
According to Bangladesh Sangbad Sangstha, the minister made these remarks during a meeting with Singapore's Non-Resident High Commissioner to Bangladesh, Derek Low, who paid a courtesy call at the Ministry of Shipping. Discussions during the meeting included potential Singaporean investment in the Bay Terminal project and the interest of international port operator PSA International in managing its terminals.
The minister highlighted the importance of modern port infrastructure for economic development and international trade, emphasizing the need to expand Chattogram Port's capacity, introduce modern technologies, and ensure efficient management. He noted that Singapore's experience, technology, and investment are crucial for developing Bangladesh's port and maritime sectors, calling for strengthened bilateral cooperation.
Additionally, the meeting explored the potential contributions of PSA International's expertise in international port operations to the modernization of Bangladesh's port management. Both parties exchanged views on cooperation in port operations, maritime transport, and infrastructure development, underlining the importance of expanding investment and technological cooperation to make Bangladesh's port sector more modern, efficient, and internationally competitive.