“Patenga Terminal a beacon of hope for Bangladesh`s economic uplift”

Prime Minister Sheikh Hasina said the Chittagong Port Authority's Patenga Container Terminal Project is a beacon of hope for Bangladesh's economic uplift.

The premier said this while addressing an agreement signing ceremony at her office here on Wednesday (November 6).

She said the concession agreement on operation of Patenga Container Terminal (PCT) between Chittagong Port Authority (CPA) and Saudi Arabia's company Red Sea Gateway Terminal (RSGT) will help further enhance Saudi investment in Bangladesh.

"This concession agreement is a testament to our two countries' joint vision and steadfast commitment to economic cooperation and prosperity," she said.

"As we witness the signing of this concession agreement, we look forward to a future where Patenga Container Terminal will become a driving force for economic growth and prosperity in Bangladesh," Sheikh Hasina said at the signing ceremony.

She said that the RSGT will operate the Patenga Container Terminal for the next 22 years that will strengthen bilateral relations, especially in the field of trade and commerce.