Singapore’s terminal operator PSA International is ready to execute Chattogram Port Bay Terminal project, which will significantly slash transportation costs for Bangladesh’s import and export cargo once operational.
Sharing the progress on Singapore’s investment and terminal operations in the project, Derek Loh, non-resident high commissioner of Singapore to Bangladesh, conveyed the operational readiness during a meeting on Tuesday, with Shaikh Rabiul Alam, minister for Shipping, Road Transport and Bridges, and Railways, at the Ministry of Shipping.
The high commissioner said once the Bay Terminal becomes operational, it will render Bangladesh’s overall commercial activities more dynamic.
Describing the Bay Terminal construction as one of the present government’s key priority projects, the shipping minister said its implementation will expand the capacity of Chattogram Port, accelerate goods transportation, and further solidify Bangladesh’s position in international trade.
Highlighting Singapore as a trusted friend of Bangladesh, the minister stressed that Singapore’s experience, technology, and investment could play a crucial role in developing the country’s port and maritime sectors, underscoring the importance of strengthening bilateral cooperation.
During the meeting, both sides discussed various aspects of bilateral cooperation and expressed optimism about further strengthening existing friendly relations while expanding mutual engagement in port development, investment, and the maritime sector.
Md Ataur Rahman Khan, ndc, secretary of the Ministry of Shipping, the chairman of the Chattogram Port Authority, and senior officials of the ministry were present at the meeting.
