The project will be developed in a collaborative effort with the Chittagong Port Authority (CPA), announced Rear Admiral Mohammad Sohail, Chairman of CPA.
The initiative aims to construct four terminals under the umbrella of Bay Terminal, and the multipurpose terminal is a key component of this development.
Speaking at a press conference held at CPA to highlight the achievements of Chittagong Port in 2023 and outline plans for the upcoming year, Rear Admiral Sohail disclosed that a formal agreement for the construction will be inked through a public-private partnership (PPP) by June of the following year. The Bay Terminal project, strategically situated along the Bay of Bengal, is currently designed to accommodate two container terminals, alongside the proposed multipurpose terminal and an oil and gas terminal.
