Global shipping giant A.P. Moller-Maersk is likely to invest approximately $800 million in developing a state-of-the-art container terminal at Chattogram Port, according to the Bangladesh Investment Development Authority (BIDA).
BIDA Executive Chairman Chowdhury Ashik Mahmud revealed the potential investment during a visit to the proposed site of the ‘Laldia Container Terminal’ in Patenga on Wednesday. The terminal, to be built on 32 acres of land, is planned to include three jetties stretching 616 metres.
“This will be a modern, environmentally sustainable ‘green port’ and the entire cost—around $800 million—would come through foreign direct investment (FDI), with no financial input required from the Bangladesh government,” Ashik stated.
He emphasized the significance of this project, noting that the total annual equity-based FDI in Bangladesh currently stands at less than $700 million. “If a single project brings in $800 million from a globally reputed company like Maersk, it would have a transformative impact on the economy,” he said.
Highlighting Bangladesh’s youthful demographic—where over 50% of the population is under 25—Ashik underscored the urgent need to expand manufacturing capabilities, for which increased port capacity is vital. “Port development is a prerequisite for turning Bangladesh into a global manufacturing hub,” he noted.
Bangladesh’s port capacity remains limited, he said, comparing it to Vietnam’s 44 ports. Even with a six-fold expansion, the country would still lag behind in capacity. Efficient use of available infrastructure and engaging world-class operators are central to the government’s long-term strategy.
As part of the site visit, Ashik also toured the proposed Bay Terminal and the New Mooring Container Terminal (NCT), the largest terminal currently in operation at the port. He was accompanied by Shafiqul Alam, press secretary to the Chief Adviser.
