Of the first two terminals of Bay Terminal project, PSA Singapore and DP World Dubai will each invest $1 billion.

Ashik Chowdhury, Executive Chairman of the Bangladesh Investment Development Authority (BIDA) disclosed this on Thursday morning while visiting the proposed terminal site at Patenga in Chittagong.

"Hope that the Bay Terminal will become operational by 2031. Around 25,000 people will be directly employed in the project, which will have a significant impact on Bangladesh’s economy."