Dhaka, Aug. 17 -- A multimodal logistics hub integrating railway, road, and Chittagong seaport facilities will be developed near the Bay Terminal to boost Bangladesh's trade-facilitating efficiency, as efforts are geared towards US$100-billion annual export earnings.

To this end, the World Bank-financed Bay Terminal Breakwater Project is moving ahead, with a subsidiary loan agreement to be signed today, following an earlier deal made between ERD and the Bank in Washington, said Senior Secretary, Shipping, Mohammed Yousuf at a roundtable organised by The Financial Express on Sunday in Dhaka.

The Financial Express organised the event with the support of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh Knitwea...