Container terminal to be set up in Laldia area of Ctg, deal signed

A container terminal will be established in the Laldia area of Chittagong to enhance the container handling capacity of Chittagong Port, reports BSS.

In this regard, a Transaction Advisory Services Agreement (TASA) was signed on Monday for the establishment and operation of the Laldia container terminal at Chattogram Port through the PPP Model.

The Public-Private Partnership (PPP) Authority, under the Prime Minister's Office, the Chittagong Port Authority (CPA), and the International Finance Corporation (IFC) inked the deal.

This agreement aims to obtain assistance in detailed technical, legal, and financial due diligence, alongside a scoping study on the environmental and social impacts of the proposed PPP Project, as stated in a press release.

The goal of the study is to develop a bankable transaction structure and select qualified private partners for the establishment and operation of the Laldia Container Terminal.

The project will also strengthen the port logistics capacity of Bangladesh. A global private operator will design, build, finance, operate, and transfer the terminal on a Public-Private Partnership (PPP) basis.

The project will create numerous jobs during construction and operations, boost economic growth, streamline supply chains, attract foreign investment, and enhance logistical capacity.

Among others, Dr. Md. Mushfiqur Rahman, CEO of the PPP Authority; Nafiul Hasan, Director General-1 (Additional Secretary) at PMO; Commodore M. Fazlar Rahman, (C), Member, CPA; Thomas Lubeck, Regional Manager, PPP Transaction Advisory Services, Asia, IFC; Moazzam Ahmed Mekan, Hub Leader, PPPs, South Asia, IFC; A. K. M. Abul Kalam Azad, Director General, PPP Authority; Md. Anwarul Habib, Director General, PPP Authority, and other high officials from the PPP Authority, Ministry of Shipping, CPA, PMO, and IFC were present at the signing ceremony.