Mirsarai Economic Zone to be an investment hub, says BEZA

Sun Online Desk

4th July, 2017 06:32:42 printer

Mirsarai Economic Zone to be an investment hub, says BEZA

Mirsarai Economic Zone (EZ) will play a vital role to fulfill the investment prospect of the country through establishing a truly world-class business and industrial center and attracting the local and foreign investors. 

Quoting Bangladesh Economic Zones Authority (BEZA) Executive Chairman (Secretary) Paban Chowdhury BSS said, "About US$10 billion investment proposals have already come for Mirsarai EZ from home and foreign investors in various sectors including steel, Liquefied Petroleum Gas (LPG) and ship building."

He also said that the zone is an attractive destination for setting up huge number of industries, commercial establishment and financial institutions within a high quality business friendly environment.

BEZA is establishing the first self-contained economic zone in the country on an area of about 30,000 acres at Mirsarai area incorporating park, sea port, residential area, power plant, hospital, school and university.

The zone, which will be developed in about 30 phases, is along the strategic location of Dhaka-Chittagong industrial corridor under Chittagong district.

Last year, Paban Chowdhury said, BEZA allocated Mirsarai Economic Zone (Phase 1) encompassing an area of 550 acres. "We have also invited tender for another two Phases on about 1,300 acres," he added. 

He also said BEZA is implementing a project of Water Development Board through China Harbour Engineering Company to construct 18.5kilometer two-lane marine driveway with protection embankment from Sonagazi to Sitakunda involving Taka 1,163 crore. 

He said the Roads and Highways Department is constructing a four-lane road inside the zone and BEZA is also constructing many roads for ensuring uninterrupted communication for the investors in the zone. 

Paban Chowdhury informed that Rural Power Company Limited (RPCL) Power Gen is establishing a 150 Megawatt (MW) power plant, which will rise up to 1000 MW in future. "Summit Power has also shown keen interest to set up a 300 MW power plant in the zone," he added. 

He said Chittagong Port Authority is also establishing an exclusive port for the economic zone by ensuring all modern facilities for increasing export and import.