The contract signing ceremony was held at the conference room of Chittagong Port Authority.
Rear Admiral M Khaled Iqbal, chairman of Chittagong Port Authority, and Benjamin of HPC Hamburg Port Consulting signed the contract on behalf of their respective parties.
Chittagong Port Authority is considering setting up a new terminal on Patenga coastline with all modern port facilities to mobilise port activities and reduce transportation cost.
The proposed Bay terminal is likely to be built on an area of 900 acres of land.
Chittagong Port Authority (CPA) will finance, control and supervise the project.
