RSGT Nominated to Operate New  Container Terminal at Bangladesh Port

RSGT Nominated to Operate New Container Terminal at Bangladesh Port

Red Sea Gateway Terminal to operate facility currently nearing completion at Chittagong, Bangladesh’s primary port

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).

The proposal is for operations at the new $240 million Patenga Container Terminal (PCT) currently nearing completion at Chittagong, Bangladesh’s primary port.

The Port of Chittagong (recently renamed as Chattogram), handled a record 3.2 million 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.

Red Sea Gateway Terminal Celebrates 20 Million TEUs

The new facility, being built by the Bangladeshi Government, will feature 600m quay and will be able to handle 3 vessels simultaneously augmenting the ship handling capacity at Chattogram port.

RSGT’s Director of Global Investments, Gagan Seksaria noted: “We are extremely pleased to have been selected for this opportunity.

"The rapid growth of Chittagong Port’s cargo volumes necessitates further investment in modern equipment, advanced technology and building new human capacity.

"This project fits well with Red Sea Gateway Terminal’s competencies and its expansion strategy for emerging markets. We are very confident that, through this investment, we will be able to contribute significantly to Bangladesh’s fast-growing trade and economy”

Read More: World-Class Efficiency - Saudi Ports Record 15% Volume Growth in July

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