DP World to partner in Ghazipur ICD

The inland container depot (ICD) project in Gazipur’s Dhirashram area is finally going to be implemented under the public-private partnership (PPP) model as the government is considering making Dubai-based terminal operator DP World a partner in the venture.
Officials of the Public Private Partnership Authority Bangladesh said DP World has already agreed to work on the project. Now, discussion is going on to fix the terms and conditions of the final agreement.
Dr Najmus Sayadat, director (investment promotion) of PPP Authority, said, “We are preparing a document for DP World, which may take six months. The investment of DP World will be finalised based on the document.”
The ICD will be built on a 160-acre site near Dhirashram Railway Station in Joydevpur, Gazipur.
According to Bangladesh Railway, the cost of the project could be up to $300 million. Once it is complete, the Kamalapur ICD will be relocated to Dhirashram.
This is expected to help container transport by rail go up by as high as 30%.