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

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. (BSS)