Economic zone dev project to be revised again

The Bangladesh Economic Zone Authority (BEZA) will revise the Bangladesh Economic Zone Development Project for the second time to encourage rapid economic development and to create employment opportunities, sources at BEZA have said. This will be carried out in accordance with Prime Minister Sheikh Hasina’s directive. Project director Habibur Rahman told The Independent that Hasina has directed BEZA to revise the project and extend its deadline to January 2021 from the existing one of June 30, 2016.
According to the revised detailed project plan (RDPP), the project will promote balanced development of multi-product industries in different regions of the country, create basic infrastructure for the establishment of economic zones, develop economic zones with the required infrastructure and other utilities at the allocated land with ready infrastructure for local and foreign investors, create a conducive business environment to attract foreign companies to develop and operate economic zones, and promote industries to realise the government’s Vision 2021.
The estimated revised project cost is Tk. 878.62 crore. Under the project, BEZA will develop eight economic zones at Mirsarai in Chittagong, Anwara in Chittagong, Teknaf in Cox’s Bazaar, Keraniganj in Dhaka, Mongla in Bagerhat, Moulavibazar Sadar, Chunarughat in Hobiganj, and Bandaer and Sonargaon in Narayanganj.
The Executive Committee of the National Economic Council (ECNEC) has already approved the Bangladesh Economic Zones Development Project (Phase-1), focusing on expansion of ‘multi-product’ industries. Under the project, four special economic zones (SEZs) would be set up at Sirajganj, Moulavibazar, Anwara and Mirsharai in Chittagong.
Under the Prime Minister’s Office (PMO), BEZA will implement the first phase of the project by June 2016 with Tk. 81.95 crore. Of this, the government will provide Tk. 2.25 crore, while the remaining Tk. 79.70 crore will come as project assistance.
Rahman said the government would provide land, gas lines and power supplies to the SEZs, while the investment companies concerned would develop infrastructure at their own cost. The revised DPP has been sent to the planning commission for approval.

Economic zone dev project to be revised again

The Bangladesh Economic Zone Authority (BEZA) will revise the Bangladesh Economic Zone Development Project for the second time to encourage rapid economic development and to create employment opportunities, sources at BEZA have said. This will be carried out in accordance with Prime Minister Sheikh Hasinas directive. Project director Habibur Rahman told The Independent that Hasina has directed BEZA to revise the project and extend its deadline to January 2021 from the existing one of June 30, 2016. According to the revised detailed project plan (RDPP), the project will promote balanced development of multi-product industries in different regions of the country, create basic infrastructure for the establishment of economic zones, develop economic zones with the required infrastructure and other utilities at the allocated land with ready infrastructure for local and foreign investors, create a conducive business environment to attract foreign companies to develop and operate economic zones, and promote industries to realise the governments Vision 2021. The estimated revised project cost is Tk. 878.62 crore. Under the project, BEZA will develop eight economic zones at Mirsarai in Chittagong, Anwara in Chittagong, Teknaf in Coxs Bazaar, Keraniganj in Dhaka, Mongla in Bagerhat, Moulavibazar Sadar, Chunarughat in Hobiganj, and Bandaer and Sonargaon in Narayanganj. The Executive Committee of the National Economic Council (ECNEC) has already approved the Bangladesh Economic Zones Development Project (Phase-1), focusing on expansion of multi-product industries. Under the project, four special economic zones (SEZs) would be set up at Sirajganj, Moulavibazar, Anwara and Mirsharai in Chittagong. Under the Prime Ministers Office (PMO), BEZA will implement the first phase of the project by June 2016 with Tk. 81.95 crore. Of this, the government will provide Tk. 2.25 crore, while the remaining Tk. 79.70 crore will come as project assistance. Rahman said the government would provide land, gas lines and power supplies to the SEZs, while the investment companies concerned would develop infrastructure at their own cost. The revised DPP has been sent to the planning commission for approval.