Abu Dhabi Ports Group To Invest $1 Billion in Chittagong Port.

The Chittagong Port Authority (CPA) has announced a collaboration to develop four terminals under the Bay Terminal umbrella. Rear Admiral Mohammad Sohail, Chairman of the CPA, highlighted the importance of the multi-purpose terminal as a key component of this development. The initiative aims to sign a formal agreement for construction under a public-private partnership (PPP) by June and hopes to make significant progress in the coming year.

The Bay Terminal project, strategically located on the Bay of Bengal, will house two container terminals along with the planned multi-purpose terminal and an oil and gas terminal. Rear Admiral Sohail emphasized the port’s achievements in 2023 and outlined plans for the upcoming year at a press conference. The initiative aims to develop and improve the capacity and efficiency of the Chittagong Port, with a focus on strategic partnerships and infrastructure development.

The project is a significant step towards the growth and modernization of the Chittagong Port, aiming to enhance its capabilities and contribute to the development of regional trade. The collaboration with the CPA and the plans for the Bay Terminal project demonstrate a commitment to fostering public-private partnerships and infrastructure development in the region.

Source .