Foreign Minister Dr. Hasan Mahmud said on Saturday that the government has already transferred 500 acres of land to the Chittagong Port Authority free of charge for the expansion of the terminal.
"They will receive an additional 300 acres, for which the port authority has applied. Already, the Port authority has signed an MOU with DP World and the Singapore Port Authority," he added.
He further stated, "Work will be divided into three parts here. Chittagong Port Authority will handle one part, the Singapore Port Authority another, and DP World the third. The World Bank and other international financial institutions are also getting involved. This is a significant advancement."
"Through this terminal, we will be able to supply goods to the northeastern states of India," he said.