Bangladesh has signed a 15-year concession agreement between the Chattogram Port Authority (CPA) and Dubai-based DP World for the operation, management, and modernization of the New Mooring Container Terminal (NCT), structured with financial and operational safeguards to protect the country’s national and economic interests.

Shipping Minister Shaikh Rabiul Alam said the deal will bring substantial financial returns, foreign investment, and advanced technology while keeping Bangladesh’s ownership and sovereignty intact. “The agreement has been finalized keeping Bangladesh’s interests at the highest priority,” he told reporters.

Under the agreement, DP World will operate and modernize NCT for 15 years, providing US$50 million (Tk600 crore) as upfront signing money and committing US$150 million (Tk1,800 crore) in fresh investment for equipment upgrades, yard rearrangement, automation, and digital integration.

The agreement includes a revenue-sharing model under which Bangladesh will retain 40% to 67% per TEU, equivalent to about US$93 per TEU, while DP World will receive the remainder. CPA will also receive a guaranteed minimum annual payment of Tk10 crore, regardless of container volume.

Minister Alam said the arrangement reduces fiscal pressure on the government and allows Bangladesh to benefit from DP World’s international expertise. State Minister Razib Ahsan, UAE Ambassador Abdulla Ali Alhmoudi, and Invest Bangladesh Chairman Ashik Chowdhury attended the signing ceremony.

The agreement marks a major step toward technology-driven port management, positioning Chattogram Port for enhanced efficiency and competitiveness in regional trade. (Courtesy: Bangladeshi media