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2008 September 1   13:05

Bangladesh to lease out new box terminal for 30 years

Bangladesh's Ministry of Shipping has decided to lease out the newly built New Mooring Container Terminal (NMCT) to a private operator for at least 30 years with a view to ensuring its smooth maintenance and operation, the New Nation reported.
The advisory council approved the leasing of the NMCT to a private firm on the recommendation of the Chittagong Port Authority (CPA).
The NMCT will be leased out on the basis of a supply, operate and transfer system under the Bangladesh private sector infrastructure guidelines.

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