The government has approved Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) project involving over Tk 43.47 billion to set up the country’s largest economic zone at Mirsarai in Chattogram.
The approval came at a meeting of Executive Committee of the National Economic Council (ECNEC) held virtually on Wednesday with Prime Minister Sheikh Hasina in the chair.Out of the total project cost, Tk 39.67 billion will come from the World Bank (WB) as credit while the rest of Tk 3.80 billion from the state coffer, Planning Minister MA Mannan informed at a post-meeting press briefing.
Bangladesh Economic Zones Authority (BEZA) under the Prime Minister’s Office (PMO) will implement the project by December 2025 to create an enabling environment for sustainable private investment and a dynamic local market for industrial land.
This huge project is being implemented on 30,000 acres of land. Foreign companies from countries like China, Japan and South Korea have already shown their interest for investing there, Mannan said.
The project mainly aims to ensure infrastructural development of various zones including Zone 2A and Zone 2B of BSMSN and thus creating private investment-friendly environment there.
Besides, it also aims to turn this BSMSN as a green economic zone apart from creating new employment opportunities through attracting necessary investment.
The project also aims to attract local and foreign investment, ensuring speedy industrialization as well as product diversification, boosting export earnings and thus creating scopes for earning valuable foreign currency.Under the project, BEZA will construct a 30-kilometre road inside the BSMSN alongside other necessary infrastructures such as a central effluent treatment plant, desalination plant, solar energy systems, solid waste management, biogas plant, waste sorting facility, rooftop and floating solar.
Besides, there will be necessary land development, site upgradation, constriction of a investor club and one-stop service (OSS) centre, a emergency response centre, a skills development centre, sanitation and water supply network along with telecommunications network, power network, gas pipeline network, environmental lab and monitoring system.
The Ecnec meeting approved a total of eight projects involving a total of Tk 113.24 billion of which Tk 61.66 billion will come as project assistance, Tk 51.40 billion from the national exchequer and an implementing agency will bear Tk 181.2 million, the planning minister informed.
Other projects approved in the meeting are: Dhaka Environmentally Sustainable Water Supply Project, 1st revised with an additional cost of Tk 29.03 billion, Infrastructural Development of 10 pourashavas under Tangail district of Tk 2.72 billion, Vehicles operations training project of Tk 1.06 billion, Flourishing women entrepreneurs for economic empowerment at the grassroots level of Tk 4.28 billion, Development of Ecosystem towards creating digital entrepreneurs and innovation of Tk 3.53 billion, and cent per cent reliable and sustainable electrification at Hatia Dip (island), Nijhum Dip and Kutubdia Dip of Tk 3.84 billion.