Patenga Container Terminal: Saudi firm RSGTI takes over operations
PORTS & SHIPPING

Patenga Container Terminal: Saudi firm RSGTI takes over operations

The Chattogram Port Authority (CPA) has signed a landmark agreement with Red Sea Gateway Terminal International (RSGTI) to operate the newly constructed Patenga Container Terminal. This marks a significant development in enhancing the capacity and efficiency of Bangladesh's maritime trade.

Change in Operator:

Initially, Red Sea Gateway Terminal (RSGT) was nominated by the Saudi government to operate the terminal. However, due to a requirement for 100% Saudi ownership under the G2G (government-to-government) policy, a new company, RSGTI, was formed with complete Saudi ownership. RSGTI is considered a sister concern of RSGT, established in 2022.

Timeline and Next Steps:

The inauguration of the Patenga terminal took place last month, nearly 17 months after construction completion. Signing the agreement this week paves the way for further development. Gear vessel loading is expected to commence in January 2024, followed by a two-year period for acquiring additional equipment and achieving full operational capacity.

Addressing Confusion:

Concerns arose regarding the inclusion of RSGTI in the initial proposal. In response, the Saudi Ministry of Investment communicated with the Bangladesh government, proposing RSGTI instead of RSGT. This proposal was subsequently accepted by the Bangladeshi shipping ministry.

Collaboration and Future Prospects:

As the agreement involves both governments, all future contracts and activities will be undertaken in close collaboration with RSGTI. The CPA Secretary confirmed that the port authority will work directly with the Saudi-nominated company for this G2G project.

This agreement marks a positive step forward in strengthening the economic ties between Bangladesh and Saudi Arabia. The Patenga Container Terminal is expected to play a crucial role in facilitating trade and boosting Bangladesh's economic growth.

The Chattogram Port Authority (CPA) has signed a landmark agreement with Red Sea Gateway Terminal International (RSGTI) to operate the newly constructed Patenga Container Terminal. This marks a significant development in enhancing the capacity and efficiency of Bangladesh's maritime trade. Change in Operator: Initially, Red Sea Gateway Terminal (RSGT) was nominated by the Saudi government to operate the terminal. However, due to a requirement for 100% Saudi ownership under the G2G (government-to-government) policy, a new company, RSGTI, was formed with complete Saudi ownership. RSGTI is considered a sister concern of RSGT, established in 2022. Timeline and Next Steps: The inauguration of the Patenga terminal took place last month, nearly 17 months after construction completion. Signing the agreement this week paves the way for further development. Gear vessel loading is expected to commence in January 2024, followed by a two-year period for acquiring additional equipment and achieving full operational capacity. Addressing Confusion: Concerns arose regarding the inclusion of RSGTI in the initial proposal. In response, the Saudi Ministry of Investment communicated with the Bangladesh government, proposing RSGTI instead of RSGT. This proposal was subsequently accepted by the Bangladeshi shipping ministry. Collaboration and Future Prospects: As the agreement involves both governments, all future contracts and activities will be undertaken in close collaboration with RSGTI. The CPA Secretary confirmed that the port authority will work directly with the Saudi-nominated company for this G2G project. This agreement marks a positive step forward in strengthening the economic ties between Bangladesh and Saudi Arabia. The Patenga Container Terminal is expected to play a crucial role in facilitating trade and boosting Bangladesh's economic growth.

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?