CPA signs 30-year concession deal with APM Terminals for Laldia Container Terminal

The Chittagong Port Authority (CPA) on Monday signed a concession agreement with the Denmark-based APM Terminals for development and operations for 30 years of the Laldia Container Terminal (LCT) under a Public-Private Partnership (PPP) framework.

 

Shipping Adviser Brigadier General (Retd) Dr M. Sakhawat Hussain attended the signing ceremony as the chief guest, held at the Intercontinental Hotel in the city.

 

State Secretary of the Trade and Investment of the Ministry of Foreign Affairs of Denmark, Lina Gandlose Hansen, and Ambassador of the Embassy of Denmark, Christian Brix Møller, were present as special guests.

 

Chief Executive Officers of the PPP Authority, Chowdhury Ashik Mahmud Bin Harun, presided over the signing ceremony.

 

In his speech, Sakhawat Hussain said the investment is expected to significantly boost employment, particularly for the youth.

 

“Once the project is complete, many young generations, particularly the educated youth of Bangladesh, will get jobs,” he added.

 

He highlighted the presence of a skilled workforce domestically, noting that the hardworking people of Bangladesh often work outside the country in Europe and America.