Business Desk :
In a groundbreaking development, upon completion of detailed feasibility through transaction advisory services, the Chittagong Port Authority (CPA) and the APM Terminals, a subsidiary of the Maersk Group, are set to negotiate a transformative Public-Private Partnership (PPP) for the development of the Laldia Container Terminal in Bangladesh.
This historic collaboration is based on the signed Government-to-Government (G2G) Memorandum of Understanding (MoU) between Bangladesh and Denmark following the “Policy for Implementing PPP Projects through Government to Government (G2G) Partnership, 2017”.
The announcement was made today during the first G2G PPP Platform meeting between Bangladesh and Denmark at Prime Minister’s Office (PMO) in the city, reports, BSS.
This meeting marks a significant milestone in the strategic partnership between the two nations, leveraging the strengths of both public and private sectors for the development of crucial infrastructure.
Md Tofazzel Hossain Miah, Principal Secretary to the Prime Minister and the Chairman of the PPP Authority, joined the meeting as the chief guest.
In his opening speech, the Principal Secretary to the Prime Minister expressed enthusiasm about the collaboration, citing the shared vision for a progressive and resilient port infrastructure.
He highlighted the significance of this G2G PPP model, emphasizing the critical role it plays in realizing Bangladesh’s Vision 2041 and creating a Smart Bangladesh.
The proposed Laldia Container Terminal, with a quay length of 450 meters, a berth depth of 10.5 meters, and a vessel draft of 9.5 meters, is set to address the increasing demand for efficient and sustainable container handling services.
The estimated investment of US$ 300-$400 million, coupled with Foreign Direct Investment (FDI), positions this project as a significant contributor to economic growth.
The annual concession fee and revenue sharing per TEU promise sustained revenue streams for the CPA.
The expected benefits of the project include the generation of approximately 1000 employment opportunities, technology transfer initiatives, the introduction of smart port practices, control of net carbon emissions, reduced turnaround times for ships, achieving economies of scale, and fostering healthy port competition.
