Prime Minister Sheikh Hasina will lay the foundation stone of Bay Terminal on Thursday (November 1) through videoconferencing from her official residence Ganabhaban.
Deputy Commissioner of Chattogram Mohammed Ilias said told Bangladesh Post on Monday.
Earlier, the Chattogram Port Authority (CPA) sent a letter to the Prime Minister’s office seeking her permission for laying the foundation stone of Bay Terminal and procurement of new gantry cranes.
Sources said the CPA is trying to complete the construction of Bay Terminal as soon as possible as the Prime Minister Sheikh Hasina is monitoring the progress of the work for the new terminal.
CPA member Jafar Alam said, “We have already got the feasibility study report for Bay Terminal. Now we need the Detail Design Report and Internal Connectivity Test Report regarding the construction of the terminal. We hope that we will get these reports soon.”
The project aims to enhance trade with other countries to boost the country’s economy as the completion of the project will improve the capacity and reduce container congestion of the terminals.
The construction of the bay terminal will ensure 24-hour navigability and there will be no barrier to the movement of ships during night time. The construction of Bay Terminal (Container Terminal) at Chattogram, worth about US$2.1 billion, is going to start soon as the necessary feasibility study and land acquisition has already been completed.
“Two foreign companies—one from South Korea and another from Singapore—have shown interest in investing in the project.
They have submitted their power point presentation to the shipping ministry. The ministry is considering it,” a senior official at the shipping ministry told Bangladesh Post recently.
The government is now seeking fund from the development partners for constructing the priority project. Already different countries have shown their interest for investing in the mega project.
However, the official said it is still open for all to invest in the massive project. Any potential countries can invest in the fast track project.
The shipping ministry has estimated $2.1 billion as the primary cost. But the cost may be increased. The Chattogram Port Authority will implement the project and the construction work is likely to be started by 2021.
“It’s a big issue. The government will take decision whether it will go to implement the project under Government to Government (G2G) or not. The government will take decision after considering all the aspects,” he also said.
The government has already completed the necessary feasibility study and land acquisition has been completed. Now the government is negotiating to disburse funds from the donors for implementing the massive project.
India has already given fund of $400 million under third line of credit (LoC) for constructing a single terminal, sources of the shipping ministry said.
Once the project is implemented, it will increase the handling capability of containers by four times. Sources said the bay terminal has been proposed on a 1,200-acre island in the Bay of Bengal off the coast of Patenga in Chattogram. It is near the Chittagong Port and Chittagong Export Processing Zone.
Primarily, 907 acres of land were identified for the terminal. Among them 68 acres of land were privately-owned. The rest 839 acres are government land.
As per primary plans, there will be three terminals–1,500-metre multipurpose terminal, 1,225-metre container terminal and 830-metre container terminal-2.
The terminals will have two dolphin jetties–one for handling coal to be imported for coal-fired plants in Bangladesh and the other for handling cement clinkers.
In 2006, the land acquisition process for the proposed terminal started on the bank of Bay of Bengal near Patenga-Halishahar.