In a significant development for the country's seaport sector, Singapore's PSA International will construct the Bay Terminal. The information was confirmed in a report published by Bangladesh Pratidin.

Significance of the Project

The construction of the Bay Terminal is expected to substantially increase the vessel and container handling capacity of Chattogram Port. As the majority of the country's imports and exports are currently processed through Chattogram Port, the commencement of operations at this terminal is anticipated to reduce average vessel turnaround time and accelerate commercial activities.

PSA International's Expertise

PSA International is one of the world's largest port operators, with a successful track record of managing terminals in various countries. Their involvement in the Bay Terminal project is seen as an opportunity to integrate modern technology and international standards into Bangladesh's port management system.

Next Steps

An official announcement and the signing of an agreement by the government are yet to be finalized. However, sources indicate that the process of commencing work with PSA is progressing rapidly. Analysts believe that the implementation of this project will add a new dimension to Bangladesh's competitiveness in global trade.