Govt initiates Ctg Port overhaul to boost economy: CA

The interim government has taken steps to reorganise the management of Chattogram Port, with the aim of enhancing efficiency and boosting economic impact, Chief Adviser Muhammad Yunus said today (5 August).

"As part of this initiative, the responsibility for container handling at the New Mooring Terminal has been handed over to Dry Dock Limited, a company operated by the Bangladesh Navy," he said in a televised address to the nation tonight, on the occasion of the July Uprising Day.

He also stated that since Dry Dock Limited began operations, the port has already seen notable improvements. "In the first two weeks alone, an average of 225 additional containers were handled daily compared to previous figures."

Yunus said, "Modernising Chattogram Port will not only benefit Bangladesh's economy but also positively impact the economies of neighbouring countries such as Nepal, Bhutan, and others in the region. The mutual benefits are expected to enhance regional trade and cooperation."

Mentioning that Bangladesh's coastal belt holds immense untapped potential, he said, "The development of port activities from Kumira to Teknaf is poised to transform the entire coastline into a major economic hub in South Asia."

He also noted that proximity to the sea and its efficient use will spur the growth of industrial zones along the coast.

"The government has also initiated discussions with friendly nations to ensure the sustainable utilisation of marine and coastal resources, with encouraging responses from international partners," he added.

The chief adviser went on to say, "Despite its vast potential, the deep sea remains underutilised. With this in mind, the government has begun focusing on the development of fish farming, harvesting, and processing industries in the maritime sector." 

These initiatives are expected to create employment for millions and inject new energy into the national economy, he said.