Bangladesh’s Public-Private Partnership (PPP) Authority, under the Prime Minister’s Office, has signed an agreement with the International Finance Corporation (IFC) for the provision of Transaction Advisory Services for the ‘Establishment and Operation of Laldia Container Terminal at Chittagong Port through PPP Model’ project.
This agreement is set to facilitate detailed technical, legal, and financial due diligence, along with a scoping study on the environmental and social impacts of the proposed PPP project. The primary goal of the study is to develop a bankable transaction structure and to select qualified private partners for the establishment and operation of the Laldia Container Terminal at Chittagong Port via the PPP model.
The Laldia Container Terminal project aims to enhance the container handling capacity of Chittagong Port through the construction of a new terminal in the Laldia area. This project is expected to bolster Bangladesh’s port logistics capacity. A global private operator will be responsible for designing, building, financing, operating, and eventually transferring the terminal under a Public-Private Partnership basis. The project is anticipated to generate numerous jobs, stimulate economic growth, streamline supply chains, attract foreign investment, and enhance logistical capacity, PPP Authority said in a press release.
The signing ceremony was attended by several notable figures, including Md Mushfiqur Rahman, CEO of the PPP Authority; Nafiul Hasan, Director General (additional secretary) of the Prime Minister’s Office; and Commodore M Fazlar Rahman, BSP, Psc, Bn, a member of the Chittagong Port Authority (CPA).