The Bangladeshi Public-Private Partnership (PPP) Authority has signed an agreement with the International Finance Corporation (IFC) for advisory services on the Laldia Container Terminal project at Chittagong Port.
Located in Dhaka, Bangladesh, the PPP Authority is a government agency that functions as the PPP unit of Bangladesh and is responsible for the management and support of public-private partnerships.
The 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.
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.
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The Laldia Container Terminal project at Chittagong Port is slated to enhance the container handling capacity of Chittagong Port and 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 is expected to generate numerous jobs during construction and operations, while stimulating economic growth, optimising supply chains, attracting foreign investment, and enhancing logistical capacity.
Additionally, just last month, AD Ports Group signed a Memorandum of Understanding (MoU) with the Chittagong Port Authority to discuss the future development and management of the Multi-Purpose Port in Chittagong, Bangladesh.
