Dhaka, Nov. 17 -- MEDLOG, a Switzerland-based world leader in inland logistics, will to manage and operate the Pangaon Inland Container Terminal (PICT) near Dhaka for 22 years.

A concession agreement was signed to this end between Chittagong Port Authority (CPA) and MEDLOG Bangladesh Private Ltd on Monday (November 17) in Dhaka.

CPA Chairman Rear Admiral S.M. Moniruzzaman and MEDLOG Bangladesh Private Ltd Managing Director A.T.M. Anisul Millat signed the agreement on behalf of their respective sides.

Brigadier General (Rtd) M Sakhawat Hussain, who was present at the signing ceremony as the chief guest, called the agreement signing day "a red-letter day for Bangladesh".

He said PICT was built as a beautiful, strategically located facil...