Dhaka, Nov. 12 -- Bangladesh is set to construct a container port on the banks of the Karnaphuli River, with Denmark-based APM Terminals selected to both build and operate the Laldia Port for 30 years under a public-private partnership.

The terminal, to be constructed near the Chattogram Port's New Mooring Terminal but with double the handling capacity, will be managed by the Danish firm, a subsidiary of global shipping giant Maersk Group.

Public-Private Partnership Authority (PPPA) Chief Executive Officer Ashik Chowdhury, who also chairs the Bangladesh Investment Development Authority (BIDA), announced the decision at a press briefing at the Foreign Service Academy in Dhaka on Wednesday.

He said the Economic Affairs Committee approved...