WB to fund Kaliakoir hi-tech park

The World Bank will provide fund to help construct the hi-tech park in Kaliakoir as the first site for special economic zone in the country.
The objective of the project is to create a more sustainable industrialisation model by developing a public-private partnership approach to invest in zones, the WB said in a statement yesterday.
The project will facilitate public sector investment in infrastructure for the development of serviced land and leverage private financing for zone development, added the statement.
The project will also focus on human resource development and better compliance with environmental and social standards.
Meanwhile, the government has almost completed the construction of basic infrastructure for the hi-tech IT park at Kaliakoir in Gazipur district.
The government itself has undertaken a Tk 270 million (Tk 27 crore) project to develop the hi-tech park.
An administrative building, internal roads, sewerage system were constructed in the IT park while gas, power and water supply, telephone and high-speed internet facilities are being provided.
The park is being developed on an area of 232 acres. The government is also forming authorities for the hi-tech park.