Bangladesh, APM Terminals ink $550 million investment accord

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.

The Laldia Container Terminal is to be fully designed, funded, constructed and operated by the investors, which is said to be a “first-of-its-kind” model for the country’s port infrastructure.

More importantly, according to officials from APM Terminals, the project is part of the Sustainable Green Framework Engagement between Denmark and Bangladesh, a bilateral collaboration that seeks to pave the way for green investment, sustainable economic relations and job creation.

“The Laldia Container Terminal demonstrates Bangladesh’s commitment to reform, transparency and investment-friendly growth. Laldia will be the country’s first green port and the single largest European foreign direct investment in