China Harbour to build economic zone in Anwara
China Harbour and Engineering Co Ltd will develop an economic and industrial zone dedicated for Chinese investors at Anwara in Chittagong.
The cabinet committee on economic affairs awarded the job to the Chinese company yesterday.
The government has sought $281 million in soft loans from China for building the infrastructure of the economic zone and providing various services. A memorandum of understanding was signed for the soft loan during the visit of the Chinese president to Bangladesh last year.
An official of Bangladesh Economic Zones Authority said 774 acres have already been acquired for the proposed zone.
Connecting roads will be widened and water treatment plant and power distribution lines will be set up with financing from China.
Offices and commercial buildings will be constructed as well. The cabinet committee yesterday approved another proposal for the appointment of a developer for another economic zone at Mirsharai in Chittagong. The committee gave a go-ahead to the agreement to be signed with PowerPac-East West GasMin consortium for developing the Mirsharai economic zone under public private partnership.
It also approved signing of an agreement with POSCO Daewoo Corporation for gas exploration and extraction at deep-sea block DS-12.
Comments