A concession agreement has been signed with the Chittagong Port Authority for the operation and management of the Pangaon Inland Container Terminal (PITC) in Keraniganj, near Dhaka, by Switzerland-based Medlog, a world leader in inland logistics.
The 22-year agreement was signed at the capital’s Hotel Intercontinental on Monday (November 17) afternoon.
Chittagong Port Authority Chairman Rear Admiral S.M. Moniruzzaman and Medlog Bangladesh Private Limited Managing Director ATM. Anisul Millat signed the agreement on behalf of their respective organizations. Shipping Advisor Brigadier General (Retd) Dr. M. Sakhawat Hossain was present as the chief guest at the event.
Speaking at the event, the Shipping Advisor said, “Today is a memorable day in the history of port management.” The agreement for the management of the Pangaon Inland Container Terminal, located on the banks of the Buriganga River near Dhaka, just three kilometers from the Dhaka-Mawa-Bhanga Expressway, is ushering in a new chapter in the development of logistics and trade infrastructure in Bangladesh. The main beneficiaries of this will be our future generations. Who dream of a new Bangladesh. Today’s investment is for our dreamy young generation. The Medlog Terminal agreement will change the future of the logistics sector in Bangladesh.
The parties concerned expressed their hope that the agreement will open up new possibilities in the logistics and container transport sector of the country.
Ambassador Reto Rengli spoke at the event. He said, “After the inauguration of another Swiss company’s new production facility in a special economic zone just a week ago, the official arrival of Medlog in Bangladesh further strengthens the diverse and strong presence of Swiss direct investment in Bangladesh.”
The ambassador also noted that the increasing participation of Swiss companies will play a positive role in sustainable investment and economic growth in Bangladesh. The Chittagong Port Authority said that through this agreement, container transport on inland waterways will be faster, more efficient and less costly.
