The Executive Committee of National Economic Council yesterday approved the second revision of the pharmaceuticals park project, raising the cost by 42 percent from the first revision.
The cost of the revised project stands at Tk 332 crore and is expected to be complete by 2015. The pharmaceutical park will accommodate industrial units on 42 plots to produce active pharmaceutical ingredients.
The cost was increased to Tk 233 crore in the first revision in 2012 from Tk 213 crore originally earmarked in 2008.
The cost revisions and time extensions were needed as a result of delays in land acquisition and adding new components to the project, the planning ministry said in a statement.
Under this project, a pharmaceutical industrial park would be built on 200 acres at Baushia and Laxmipur Mouza beside the Dhaka-Chittagong highway under Gazaria upazila in Munshiganj.
The park will directly employ 25,000 people.
Ecnec, in a meeting yesterday with Prime Minister Sheikh Hasina in the chair, approved this and four other projects at a total cost of Tk 640 crore.
After the meeting, Planning Minister AHM Mustafa Kamal briefed newsmen and said his ministry will run with full transparency.
“We will not work with corrupt people; we will proceed by leaving them behind,” the minister said.