An agreement on the final design of Bay Terminal Construction Project at Chittagong Port was signed between the Port Authority and the South Korean companies Kunhwa Engineering and Consulting Company Limited and Dian Yang Construction and Engineering Company Limited on Tuesday.   President of joint consultancy firm Kunhwa Engineering and Consulting Company Limited Hwang Kyu Young and Chairman of Chittagong Port Authority Rear Admiral M Shahjahan signed the agreement in presence of State Minister for Shipping Khalid Mahmud Chowdhury at the city's Intercontinental Hotel. Also read: Patenga Container Terminal set to open in June: CPA Chairman The South Korean joint venture will supervise the construction of the Bay Terminal along with formulating a master plan for the project which will cost Tk 126.49 crore. The cost of the entire Bay Terminal project is estimated at $210 crore. State Minister Khalid Mahmud Chowdhury said the Patenga Container Terminal at Chittagong Port is going to be opened soon. “Bay Terminal and Matarbari seaport will be brought under rail network; We are moving forward with the plan.” Bangladesh today is a role model of development to the world, he said. The 3.55 km long Bay terminal will increase the handling capacity of Chattogram Port. There are no curves in the Bay Terminal Channel and due to proper navigability, it will be possible to berth ships with a maximum carrying capacity of 6,000 TEUs in 10-12 m drafts. Also read:BPC plans to build new LPG terminal at Matarbari Three terminals- a 1225-metre long container terminal (Container Terminal-1), a  830-metre long container terminal (Container Terminal-2) and a 1500-metre long multipurpose terminal- will be constructed under the project. The Bay Terminal will have a total of 13 jetties with multimodal connectivity facilities. The Bay Terminal is located at North Halishahar, 6 km west off Chittagong Port. The distance from the bay terminal to the outer anchorage is only one kilometer. The width of the channel is 800-1200 meters.