10 Jun 2024, 18:12

PPP Authority, CPA, IFC ink TASA for establishment of Laldia container terminal at Ctg 

DHAKA, June 10, 2024 (BSS) - The Public-Private Partnership (PPP) Authority, 
under the Prime Minister's Office, the Chittagong Port Authority (CPA) and 
the International Finance Corporation (IFC) today inked the Transaction 
Advisory Services Agreement (TASA) for establishment and 
operation of Laldia container terminal at Chattogram Port through PPP Model.

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, said a press release here. 

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 at Chittagong Port through the PPP model.

Among others, Dr Md Mushfiqur Rahman, CEO of the PPP Authority, Nafiul Hasan, 
Director General-1 (Additional Secretary), 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.

The main objective of the Laldia Container Terminal project at Chittagong 
Port is to enhance the container handling capacity of Chittagong Port through 
the construction of a container terminal in the Laldia area. 

The project will also strengthen the port logistics capacity of Bangladesh. 
The 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. It 
will also boost economic growth, streamline supply chains and will attract 
foreign investment and enhance logistical capacity.

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