Bangladesh needs better roads, trains, ships and planes to compete with other countries. Government officials spoke about transport problems at a business meeting. The country does not have a big plan for moving goods around. Leaders want to build new systems for the next 25 to 50 years. Private companies must help make these changes happen.
Bangladesh ranks 88th out of 139 countries for moving products. Moving goods costs the country 15 to 20 percent of all money made each year. Other countries spend just 8 to 10 percent on transport costs. Two major ports handle 92 percent of trade with foreign nations. These ports need better computers and machines to work faster.
Business leaders said exports could grow 20 percent if transport costs drop by one quarter. The country mainly sells clothes to Europe and America. Companies have not found new products to sell or new places to sell them. Leaders want digital systems to connect shippers with truck drivers.
The country needs 20 billion dollars each year for new roads and ports. Bangladesh attracts only 1 to 1.5 billion dollars from foreign companies each year. Port capacity will reach 10 million containers by 2030. Companies must increase trade to use all the new space. Government workers and business owners agreed that better planning and teamwork will help the economy grow.
Bangladesh ranks 88th out of 139 countries for moving products. Moving goods costs the country 15 to 20 percent of all money made each year. Other countries spend just 8 to 10 percent on transport costs. Two major ports handle 92 percent of trade with foreign nations. These ports need better computers and machines to work faster.
Business leaders said exports could grow 20 percent if transport costs drop by one quarter. The country mainly sells clothes to Europe and America. Companies have not found new products to sell or new places to sell them. Leaders want digital systems to connect shippers with truck drivers.
The country needs 20 billion dollars each year for new roads and ports. Bangladesh attracts only 1 to 1.5 billion dollars from foreign companies each year. Port capacity will reach 10 million containers by 2030. Companies must increase trade to use all the new space. Government workers and business owners agreed that better planning and teamwork will help the economy grow.
