Will handle 500,000 TEUs annually, authorities hope 1st terminal in Chittagong Port to be operated by foreign company: Patenga Container Terminal Port starts journey

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Business Report :
The much-anticipated Patenga Container Terminal (PCT) of Chittagong Port commenced operations on Monday, marking a significant milestone for the port and the country.

A container vessel, the Singapore-flagged “MAERSK DAVAO”, anchored at the terminal in the morning, initiating regular handling activities.

Authorities anticipate the terminal will handle approximately 500,000 Twenty-ft Equivalent Units (TEUs) annually.

PCT is the first terminal in Chittagong Port’s history to be operated by a foreign company, heralding a new era of foreign investment and operational models.

This transformation has positioned Chittagong as a landlord port, a significant upgrade for Bangladesh’s maritime infrastructure. Six months ago, the Chittagong Port Authority (CPA) signed an agreement with the Jeddah-based Red Sea Gateway Terminal (RSGT) of Saudi Arabia.

Following customs formalities and equipment installations, Red Sea Gateway Bangladesh Limited has now officially commenced operations.

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Omar Faruk, secretary of CPA, confirmed that RSGT is fully prepared to manage container handling at the newly built terminal. According to the CPA, the new terminal will not only enhance the port’s capacity but also reduce the average stay time for vessels.

Constructed at a cost of Tk150 crore, funded by the port, the PCT features state-of-the-art facilities, including gantry cranes that significantly increase loading and unloading efficiency.

Rear Admiral Md Sohail, chairman of the Chittagong Port Authority, noted that it would take approximately 18 months for the terminal to become fully operational.

Saudi company to operate Patenga Container Terminal under deal with CPASaudi company to operate Patenga Container Terminal under deal with CPA.

The PCT was built on 32 acres of land near Chittagong Drydock Limited to Boat Club, with the foundation stone laid on September 8, 2017.

The project, supervised by the 34 Engineer Construction Brigade of the Army, commenced construction in 2018, involving a total cost of Tk1,230 crore. With the new terminal, vessels will no longer need to wait at the outer anchorage for extended periods, as the Patenga Container Terminal can accommodate four vessels at once across its jetties. This increased capacity is expected to alleviate congestion and streamline operations at Chittagong Port.

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