The Dutch container terminal operator APM Terminals, a part of Denmark’s shipping giant A.P. Moller – Maersk, has signed a concession agreement valued at $550 million with the Bangladeshi Chittagong Port Authority (CPA), aiming to deepen the South Asian nation’s infrastructural development and sustainability efforts.
The 30-year concession agreement, reportedly one of the largest public-private partnership (PPP) investments in Bangladesh’s history, concerns the development of the Laldia Container Terminal in Chattogram. The initiative will also be joined by local partner QNS Container Services.