Bangladesh selects IFC as Laldia Container Terminal advisor

Bangladesh selects IFC as Laldia Container Terminal advisor

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.

READ: Hapag-Lloyd updates rates from Pakistan, India, and Bangladesh to North and South Europe

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.

Late last year, the Red Sea Gateway Terminal International (RSGTI) and the Chittagong Port Authority (CPA) signed a 22-year concession agreement for the operation of the Patenga Container Terminal (PCT) on an EquipOperate-Transfer basis.

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.

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Be listed with industry leaders operating within Ports and Terminals

Webinar Series

Join 500+ attendees on average with a Port Technology International webinar

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.