Brig Gen (retired) Sakhawat Hussain, adviser to the shipping, textile, and jute ministries, assured that no foreign direct investment (FDI) in the Chattogram port would be approved if it compromised Bangladesh’s interests. The focus remains on maximizing the port’s benefits for the country, while recognizing the importance of FDI.
Speaking at a press briefing, Hussain highlighted that foreign operators, like Saudi firm Red Sea Gateway Terminal at Patenga Container Terminal (PCT), have helped the port generate significant revenue. The PCT is earning $18 per container, surpassing expectations.
Regarding the Bay Terminal project, he noted that several international entities, including the World Bank, are eager to invest. However, detailed plans will be reviewed before moving forward. Transparency is emphasized for the New Mooring Container Terminal (NCT), with a committee set to address related concerns.
Hussain stressed that all future tenders will follow an open process, replacing the direct procurement method, except for specific government-to-government projects. He also called for full automation, auctioning old cargo, and curbing irregularities to improve efficiency at the port.
Comment here