United News of Bangladesh

Bangladesh has signed a major Public-Private Partnership (PPP) agreement with Dubai-based global port operator DP World to modernise, manage, and operate the New Mooring Container Terminal (NCT) at Chittagong Port under a 15-year operational concession. The agreement was signed on Thursday at Invest Bangladesh auditorium at Agargaon in Dhaka in the presence of Shipping Minister Shaikh Rabiul Alam, State Minister for Shipping Md. Rajib Ahsan, UAE Ambassador to Bangladesh Abdulla Ali Al Hamoudi, and Invest Bangladesh Chairman Ashik Chowdhury. Rear Admiral Md. Moniruzzaman, Chairman of CPA, signed the deal on behalf of the port authority while Essa Kazim, Chairman of DP World’s Board of Directors, for the UAE state-owned terminal operator. Under the agreement, full ownership and regulatory control of the terminal, its land, and underlying infrastructure will remain strictly with the state-run Chittagong Port Authority (CPA) and the Government of Bangladesh.