Business costs increasing due to inefficiency of Ctg port

Staff Correspondent        
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The Chittagong port, the principal sea port of Bangladesh, is the busiest seaport on the coastline of the Bay of Bengal. After the liberation of Bangladesh, Chittagong port has constructed seven jetties and prior to independence, the country’s prime seaport had 13 jetties. But to fulfill today’s demand the port urgently needs new terminals with modern jetties and equipment. As it will increase its efficiency and capacity, which will help to reduce business cost.

Figure 1: Chittagong port.
Figure 1: Chittagong port.

According to the business leaders, the business costs is increasing due to inefficiency of the country’s premier port. Port experts allege non-cooperation among the service delivery agencies like port authority, Chittagong Customs House, Customs Clearing and Forwarding Agents, transport operators and banks are mainly responsible for the delay in the release of goods. They suggest to involve the private sector in the management of the port through which 92 per cent of the country’s export and import trade is done.

According to the Chittagong Port Authority (CPA) data, in 2017, container handling growth rate was lowest in the last five years.  Port users blamed prolonged vessel and container congestion throughout the year for this poor show. They said shortage of jetty, yard and equipment facilities at the port pushed the growth rate down.

Figure 2: Container handling growth rate in %
Figure 2: Container handling growth rate in %

The CPA data shows that the country’s premier maritime port posted nearly 16 percent and 17 percent growth in container handling in 2016 and 2015 respectively and 9.6 percent in 2013.

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Mr. Alam also said, “The port urgently needs new terminals with modern jetties and equipment to increase its efficiency and capacity.” Business leaders are saying that the port authority by this time should have developed port facilities by constructing more jetties and procuring lots of cargo-handling equipment to expedite the port growth.

Recently, the Chittagong Port Authority (CPA) inaugurated ground-breaking for the construction of the Patenga Container Terminal. A contract has also been signed with the Bangladesh Army’s Engineering Corps to construct the terminal.

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