New Patenga Container Terminal, The new facility, being built by the Bangladeshi Government, will feature 600m quay
In a recent development, Saudi Arabia’s Red Sea Gateway Terminal has been selected by the Bangladeshi Ministry of Shipping as the preferred operator of the 500,000 TEU annual throughput capacity facility now under construction at the busiest container port on the Bay of Bengal.
Red Sea Gateway Terminal (RSGT), operator of the largest terminal facility in Saudi Arabia, at Jeddah Islamic Port, has been nominated over several competing proposals by the Bangladesh’s Ministry of Shipping to respond to an upcoming Request for Proposal (RFP) to operate the new US$ $240mn.
Patenga Container Terminal (PCT) currently nearing completion at Chittagong, Bangladesh’s primary port.
Gateway
The Port of Chittagong (recently renamed as Chattogram), handled a record 3.2mn TEUs in FY-2021, with 4,209 vessel calls, and is the busiest port in the Bay of Bengal, serving as the gateway for 90% of Bangladesh’s import and export ocean cargo.
The majority of import shipments are destined for Dhaka, Bangladesh’s Capital, and largest city, a distance of 265 km (165 miles) distance from Chittagong. The port also serves as the main gateway for Bangladesh’s fast-growing exports including its garments trade, one of the largest globally.
The new facility, being built by the Bangladeshi Government, will feature 600m quay and will be able to handle three vessels simultaneously augmenting the ship handling capacity at Chattogram port.
“We are very confident that, through this investment, we will be able to contribute significantly to Bangladesh’s fast-growing trade and economy” noted Gagan Seksaria, Director, Global Investments, RSGT.
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