It will reduce ship turnaround times and strengthen the country’s position on South Asia's trade map, he told a conference held at the port.
Moniruzzaman said the design and preparatory work for the project are nearing completion. The government and the port authority have held preliminary discussions with several domestic and international construction firms.
The previous government had approved setting up the Bay Terminal, comprising four terminals, on around 2,500 acres in the Anandabazar area of North Halishahar in Chattogram.
The project involves construction of breakwaters and navigation channels and development of port facilities such as road and rail links, container yards and jetties, according to domestic media reports.
The terminal is expected to enable the berthing of vessels with a draft of up to 12 metres and of up to 280 metres in length.
ALCHEMPro News Desk (DS)
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