CPA expects Tk 88,000 crore in foreign investment for terminal project: Chairman

The Chattogram Port Authority expects about Tk 88,000 crore in foreign investment for the implementation of the Bay Terminal project, which will increase the port’s capacity by six times. The construction work of a total of six terminals, including Matarbari and Laldia container terminals, would start within this year. Rear admiral Mohammad Sohail, chairman of the Chattogram Port Authority, said this while speaking as chief guest in a press conference organised on the occasion of the 137th founding anniversary of the Chattogram Port. He said that global port operators are scheduled to enter into investment contracts this year. The PSA Singapore will invest Tk 16,500 crore and Dubai based DP World will invest Tk 16,500 crore in Bay Terminals 1 and 2 respectively. Both terminals are designed for container handling. Abu Dhabi Port also invested in the project and proposed nearly Tk 11,000 crore for Terminal 3. Another group of investors will visit Bangladesh and will sit for a meeting with the Port Authority. Initially their proposed to work in joint venture with Chattogram Port and the Terminal will be used for multipurpose works, he added. ‘Terminal 4 has been designed for gas and oil and the East Coast Group proposed near Tk 38,500 crore for it. The terminal will be the larger than three others,’ he opted. The maintenance and breakwater cost will be Tk 5,500 crore, he added. Terming next five year very important for the Port Authority and Bangladesh, the chairman said that after the opening of the terminals, the economic growth of the country will be high and more job opportunities will be created for people. The chairman also stated that a Danish Shipping and logistic company named AP Moller Maersk has shown their interest to invest for constructing the Laldia container Terminal. He envisioned that by 2050, with the completion of ongoing projects such as Bay Terminal and Matarbari Deep Seaport, all seaports in Bangladesh, including Mongla and Payra, are expected to handle 17 million TEU containers.
Published on: 2024-04-24 19:41:38.114124 +0200 CEST