RSGT finalises Chittagong deal
Red Sea Gateway Terminal (RSGT) will begin operating the new Patenga Container Terminal in Chittagong, Bangladesh in June of this year.
In July 2022, RSGT, operator of the largest and busiest terminal facility in Saudi Arabia, was selected by the Bangladeshi Ministry of Shipping as the preferred operator for the new US$240 million, 500,000 teu capacity PCT facility at Bangladesh’s primary port.
This latest inking sets out the terms of the concession agreement. “This is a very auspicious occasion for Red Sea Gateway Terminal as another milestone is completed in the process of concluding this partnership,” said RSGT executive chair, Aamer Alireza.
His Excellency Salman F Rahman added that ‘both sides are committed to the execution of a concession agreement within mid 2023’.
The Port of Chittagong, also known as Chattogram, is the busiest container port on the Bay of Bengal, with a 2021 container throughput of 3.2 million teu.
The new terminal facility offers 600 metres of quay and a depth of 9.5 metres and will enhance Chittagong’s operational efficiency with the ability to handle three vessels simultaneously.
The Port of Chittagong ranked 64th globally in total container traffic in 2021, and handles 90% of Bangladesh’s import and export ocean cargo. The port also serves as the main gateway for Bangladesh’s fast-growing exports including its garments trade, one of the world’s largest.
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