Bay Terminal project at Chattogram port, expected to be the largest in its history, is set to attract over $8 billion in foreign direct investments (FDI), according to the Chairman of the Chittagong Port Authority (CPA), Rear Admiral Mohammad Sohail. The project includes the construction of two container terminals, a multipurpose terminal, and an oil and gas terminal, all to be wholly implemented with FDI.
The project also involves the construction of six new terminals, including four at the Bay Terminal and the first terminal at Matarbari Deep Sea Port. Once completed, these projects are anticipated to transform the region into a hub port, accommodating larger ships and meeting the demand for South Asian cargoes.
Bay Terminal, covering approximately a 6-kilometer stretch from the Chattogram Export Processing Zone to Rasmonighat on the Bay of Bengal, will see significant investment from Abu Dhabi Ports Group, PSA Singapore, DP World of the United Arab Emirates, and local and global firms for various terminals. The construction of these terminals is expected to commence soon, with associated deals anticipated to be signed within the next three months.
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