The Chittagong Port Authority (CPA) and APM Terminals have agreed to negotiate a Public-Private Partnership (PPP) for the development of the Laldia Container Terminal in 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 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.
The 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”.
During the first G2G PPP Platform meeting between Bangladesh and Denmark today, Md Tofazzel Hossain Miah, Principal Secretary to the Prime Minister and the Chairman of the PPP Authority expressed enthusiasm about the collaboration, highlighting the significance of this G2G PPP model, emphasizing the critical role it plays in realizing Bangladesh’s Vision 2041 and creating a Smart Banglade
