BEPZA records Tk 250 crore investments in PPP projects

http://www.bssnews.net/newsDetails.php?cat=2&id=202101&date=2011-09-24

BEPZA records Tk 250 crore investments in PPP projects

DHAKA, Sept 24 (BSS)- Bangladesh Export Processing Zones Authority (BEPZA) has taken up eight development projects worth Tk 250 crore under the public private partnership (PPP).

The projects under implementation are: one 50 MW power generation plant in Chittagong EPZ, three 40 MW power plants each at Dhaka, Adamjee and Ishwardi EPZs, a hundred lakh gallon water treatment plant at Dhaka EPZ, one 50 lakh gallon central effluent treatment plant at Chittagong EPZ, one hundred lakh gallon water supply management plant at Dhaka EPZ and installation of a cellular phone hub in Chittagong EPZ.

“We received tremendous response from the entrepreneurs for developing and managing different infrastructure projects in the EPZs across the country. Being encouraged by the response we are offering many other projects to the investors,” A Z M Azizur Rahman, GM (Investment Promotion), said.

Apart from the already approved projects the BEPZA is offering 15 other development projects and eyeing Tk 300 crore investment in the EPZs, he said.

Other than developing and managing power generation and water treatment plants the BEPZA is offering projects like developing container terminal, construction of shopping cum commercial complex, hospital, healthcare, day care centres, development of multi modal system, security system, online system, training institute and cleaning system.

Azizur Rahman said BEPZA received huge response for its PPP initiative for the benefits it is offering like 10- year tax holiday to service industry, duty free import of capital machinery and full repatriation of profit and dividend.

Eight EPZs under BEPZA registered US$3.69 billion export earning in the fiscal 2010-11 with a record growth of 31 percent compared to the previous fiscal. In 2009-10 export earning from the EPZs was $2.82 billion.

The EPZ’s created employment for 2.73 lakh people and 66 percent of them are women.

The EPZ’s employed over 55000 workers during the first two years of the present government.

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