The Chittagong Port Authority (CPA) and APM Terminals, a subsidiary of the Maersk Group, are poised to engage in a groundbreaking Public-Private Partnership (PPP) aimed at the development of Bangladesh’s Laldia Container Terminal.
This strategic collaboration, rooted in a Government-to-Government (G2G) Memorandum of Understanding (MoU) between Bangladesh and Denmark, follows a comprehensive feasibility assessment conducted through transaction advisory services.
This is as per reports, which underlined the partnership aligns with the “Policy for Implementing PPP Projects through Government to Government (G2G) Partnership, 2017.”
The announcement of this pivotal agreement was made during the inaugural G2G PPP Platform meeting between Bangladesh and Denmark at the Prime Minister’s Office (PMO) in Dhaka, as per the press release.
The meeting marked a significant milestone in the strategic alliance between the two nations, leveraging the strengths of both the public and private sectors to advance critical infrastructure development.
Md Tofazzel Hossain Miah, Principal Secretary to the Prime Minister and Chairman of the PPP Authority, attended the meeting as the chief guest.