Progress Made on Singapore’s Investment and Terminal Operations at Chattogram Port’s Bay Terminal Project

Singapore’s non resident High Commissioner to Bangladesh, Mr. Derek Lo, paid a courtesy call on Mr. Sheikh Robiul Alam, the Minister for Shipping, Road Transport and Bridges, and Railways. The meeting took place today at the Ministry of Shipping. They discussed many areas of cooperation between Bangladesh and Singapore, including investment in the Bay Terminal project of Chattogram Port.

At the meeting, the High Commissioner shared the progress of Singapore’s investment in the Bay Terminal project and the plan to run the terminal. He said PSA International is ready to carry out the project. He said the cost of moving import and export goods in Bangladesh will fall by a large margin once the Bay Terminal starts work.

The High Commissioner added that this will make the overall trade activity of the country more active. The Minister said the Bay Terminal project is one of the priority projects of the present government. He said the project will raise the capacity of Chattogram Port, speed up the movement of goods and make the place of Bangladesh in world trade stronger.

The Minister also called Singapore a trusted friend of Bangladesh. He said Singapore’s experience, technology and investment can play a key role in the growth of the port and maritime sector of Bangladesh. He stressed the need to deepen cooperation with Singapore in this area.

Both sides hoped to make the friendly ties between Bangladesh and Singapore even stronger. They also hoped to widen mutual cooperation in port development, investment and the maritime sector. Secretary of the Ministry of Shipping Mr. Md. Ataur Rahman Khan NDC, the Chairman of Chattogram Port Authority and other senior officials of the ministry were present at the meeting.