The United Arab Emirates-headquartered port and logistic operator DP World and the Chittagong Port Authority (CPA) have signed a 15-year concession agreement for the operation and maintenance of the New Mooring Container Terminal (NCT) including Overflow Container Yard (NCT OCY) at Chittagong Port under a Public-Private Partnership (PPP) framework.
The New Mooring Container Terminal will remain under the ownership of the Chittagong Port Authority, with DP World responsible for its operation, and maintenance under the 15-year concession.
The collaboration builds on the 2019 Memorandum of Understanding between the Government of Dubai and the Public-Private Partnership Authority under the Prime Minister’s Office of the People’s Republic of Bangladesh, aimed at advancing strategic infrastructure development through Public-Private Partnership initiatives across the country.
DP World mentions that the development plan includes upgrades to the terminal’s civil and equipment infrastructure, deployment of digital solutions and operational enhancements designed to improve cargo handling efficiency and support growing trade volumes. Working closely with the Chittagong Port Authority, DP World will focus on key operational areas including berth planning, yard management equipment utilization, preventive maintenance, safety and sustainability.
