In what is being described as a ‘government-to-government’ PPP, a memorandum of understanding has been signed between the governments of Bangladesh and Denmark for the development of the terminal at the Chattogram (also known as Chittagong) port.
The deal paves the way for the Chittagong Port Authority to partner with Danish firm APM Terminals, a subsidiary of the Maersk Group.
Under the plans, the private partner will invest up to US$400m to establish the Laldia Container Terminal.
In 2021, the project was cancelled as a PPP, after finance minister AHM Mustafa Kamal told reporters that the government still had work to do on selling the benefits of PPP.
However, the agreement with the Danish government and APM has resurrected the scheme’s delivery via the privately financed route.