Dhaka, May 19 -- Singapore has reiterated its interest in managing the proposed Bay Terminal at Chittagong Port and plans to invest up to $1 billion in its infrastructure development.

The non-resident High Commissioner of Singapore to Bangladesh Derek Loh conveyed the interest during a courtesy call on Commerce Minister Khandakar Abdul Muktadir at the Secretariat on Tuesday, according to the ministry.

Describing the Bay Terminal project as a "vital and exemplary initiative", Loh said Singapore is keen to expand its business and investment footprint in Bangladesh.

"This investment of approximately $800 million to $1 billion will play a crucial role in developing Bangladesh's trade infrastructure and will help attract more foreign direct...