KL unveils mega building plan for Bangladesh
The Malaysian government intends to invest Tk 27,450 crore in building flats, flyover and satellite towns in Bangladesh, said ministers of both the countries at a joint press conference in Dhaka yesterday.
The two governments signed a memorandum of understanding (MoU) in this regard on Tuesday.
Malaysia aims to build 20,000 flats at Uttara, a flyover from the capital’s Zero Point to Mawa road, two satellite towns at Kamrangirchar and Dhamrai, a residential complex at Mirpur, a housing project for the stranded Pakistanis and a water supply project.
The Kamrangirchar satellite town will provide housing for low income people, said Abdul Mannan Khan, state minister for housing and public works.
The government will complete the flats at Uttara and the flyover in the remaining two years of its tenure, he added.
The flats at 16-storey buildings will be of 850, 1250 and 1500 square feet in size and are meant for the middle and lower middle income people, Mannan said.
However, Housing Secretary Khondaker Showkat Hossain told The Daily Star the investment deal will be made only if the investor’s expectation of profit is reasonable in Bangladeshi context.
Of the seven projects, six are expected to be implemented under the housing ministry and one under the local government ministry.
A joint technical committee and a working group will ascertain the mode, viability and terms and conditions for the investment, said Mannan Khan.
The housing project at Uttara will cost around Tk 9,000 crore, Dhamrai satellite town project Tk 6,000 crore, Mirpur residential complex Tk 5,300 crore, Dhaka Wasa’s water supply project Tk 450 crore and the flyover Tk 2,500 crore.
Dato Seri Samy Vellu, a special envoy of the Malaysian government, Jamal Uddin Sabeh, Malaysian high commissioner to Dhaka, Jahangir Kabir Nanak, state minister for local government and Aslamul Hoque MP were present among other top government officials of the two countries.