At a CCEA meeting on Thursday, the government gave final approval to a draft 15-year concession agreement with an international terminal operator.
The government has decided to hand over the operation and maintenance of Chattogram Port’s New Mooring Container Terminal (NCT) and its overflow yard (OCY) to a foreign operator.
At a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Finance Minister Amir Khosru Mahmud Chowdhury on Thursday, final approval was given to a draft 15-year concession agreement with an international terminal operator.
According to a proposal submitted by the Ministry of Shipping, Chattogram Port Authority (CPA) will sign the agreement under a project titled “Operation and Maintenance of Chattogram Port Authority’s New Mooring Container Terminal (NCT) and Overflow Yard (OCY)” under a public-private partnership (PPP) project.
Meanwhile, the CCEA gave in-principle approval to another proposal submitted by the industries ministry. Under the proposal, urea fertiliser will be imported from Russian fertiliser manufacturer JSC Shchekinoazot through a direct procurement method (DPM) via UAE-based Delta Star Trading FZ-LLC.
