Saturday, 13 August, 2022

‘New terminals to improve Bangladesh trade’

  • Special Correspondent
  • 8 February, 2022 12:00 AM
  • Print news

New terminals at the Chittagong Port will improve the capacity of Bangladesh’s external trade reducing both time and cost, said president of BGMEA.

Faruque Hassan, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), made the remarks while visiting the Bay Terminal and Patenga Container Terminal at the Chittagong Port on Sunday.

Ambassador and Head of Delegation of the European Union (EU) to Bangladesh Charles Whiteley, Ambassador of Italy to Bangladesh Enrico Nunziata, Chittagong Port Authority Chairman Rear Admiral M Shahjahan were also present. “The economy of Bangladesh is expanding day by day while the country’s import-export business and investments are also growing. Modern facilities like Bay Terminal and Patenga Container Terminal will not only reduce cost and time, but also these developments will complement our journey forward,” BGMEA president said.

After completion of the construction of Patenga Terminal in April this year and going in operation from June, the container handling capacity of the Chittagong port will increase by more than 14 lakh TEUS.

The terminal can accommodate three vessels in its berthing at the same time, which will allow more vessels to flow in, improve handling time and efficiency and will thus improve lead time, the people concerned said. Bay Terminal, a long-awaited project of the Chittagong port, is gaining momentum after slowing down due to the coronavirus pandemic.

Both the EU and Italian Ambassador expressed satisfaction seeing the development and hoped that these terminals, once in operation, will facilitate connectivity and boost trade activities.

BGMEA first vice president Syed Nazrul Islam, vice president Shahidullah Azim, vice president (finance) Khandoker Rafiqul Islam, vice president Md. Nasir Uddin, vice president Rakibul Alam Chowdhury and directors Abdullah Hil Rakib, A.M. Shafiul Karim (Khokon), Md. Hassan (Jacky) and M. Ahsanul Hoq were also present during the visit.