DP World wins 15-year Bangladesh cargo terminal deal

DP World has signed a 15-year concession agreement with the Chittagong Port Authority to operate and maintain the New Mooring Container Terminal and its Overflow Container Yard in Bangladesh, with planned upgrades aimed at improving container handling and cargo movement.

The agreement covers the introduction of digital solutions, improved yard management, better equipment use and changes to operational planning. These measures are expected to improve cargo handling efficiency and help manage the country’s growing import and export volumes.

The improvements could reduce delays in container movement, strengthen supply chain efficiency and improve connections between Bangladeshi businesses and regional and global markets. The project also includes equipment maintenance, safety improvements and workforce training.

The Chittagong Port Authority will retain ownership of the terminal, while DP World will be responsible for its operations and maintenance under the 15-year agreement.

Ashik Chowdhury, Chairman of Invest Bangladesh, said: “Our objective is to move trade at global speed. Bringing DP World into New Mooring Container Terminal is an important step in that direction.”