Construction work of Bay Terminal to start this year
Master plan revised to include fourth terminal
NAZIMUDDIN SHYAMOL | Thursday, 11 January 2024
CHATTOGRAM, Jan 09: The construction work of the Bay Terminal at Chittagong Port in Bangladesh is expected to commence this year.
Initially, the Chittagong Port Authority (CPA) planned to construct three terminals, but the master plan has been expanded to include a new terminal for gas and oil, bringing the total number of terminals to four.
The project, which aims to start partial operation in 2026, is set to begin construction in mid-2024.
The master plan for the Bay Terminal was unveiled by Prime Minister Sheikh Hasina in November last year.
The master plan was prepared by two consultant firms from South Korea, Kun Hwa Engineering and Consulting Company Limited, and Daeyoung Engineering Company Limited.
Abu Dhabi Port Group has submitted a one billion dollar investment proposal for the construction of a multipurpose terminal in partnership with Chittagong Port.
Additionally, agreements are expected to be signed with PSA Singapore and DP World for the construction and operation of Container Terminals 1 and 2 at the Bay Terminal.
To ensure the country's energy security, a gas and oil terminal is also planned to be built as part of the project.
A private company has proposed a 3.4 billion dollar investment for this terminal.
Denmark's APM Terminals has proposed to build the Laldia Container Terminal as a public-private partnership project.
The process of constructing the Bay Terminal is currently underway, with the submission of the detailed project plan (DPP) and subsequent tendering processes expected to occur this year.
The construction of the Bay Terminal, located on the Patenga coastline, will provide modern port facilities and accommodate large ships that cannot currently berth at the jetties of Chittagong Port.
Once operational, the Bay Terminal is expected to increase the container handling capacity of the port to 5.0 million Twenty-foot Equivalent Units (TEUs) per year, up from the existing 3.1 million TEUs.
It is also expected to contribute 2 to 3 percent to the growth of the national economy.