China Harbour and Engineering Co Ltd has been contacted for the earth-filling of SBG Economic Zone Limited located at Mirsharai Economic Zone in Chattogram.
A deal was signed between SBG Economic Zone Ltd and China Harbour in this regard on Wednesday. The SBG Economic Zone Ltd is a consortium of three Bangladeshi companies—Bashundhara Group, Sikder Group and Gasmin Ltd.
The deal was signed at a function at Bashundhara Group Chairman’s residence in Bashundhara Residential Area in the capital on Wednesday.
SBG Economic Zone Ltd Managing Director Mahboob Rahman (Ruhel) and China Harbour Engineering Company Ltd (CHEC) Managing Director Fu Xiuquan signed the deal on behalf of their respective organisations.
Bashundhara Group Chairman Ahmed Akbar Sobhan, R & R Holdings Limited (a concern of Sikder Group) Chairman Rick Haque Sikder and China Harbour General Manager (Marketing) Luo Tao and Business Manager (Marketing) Liu Yuhang (Charis) were also present on the occasion.
Speaking on the occasion, SBG Economic Zone Managing Director Mahboob Rahman said the government has a plan to establish 100 economic zones across the country to boost economic development. Of the zones, Mirsarai Economic zone is the largest one, which is very close to the seaport.
The government allocated 550 acres of land for the consortium to establish the economic zone under a public-private partnership initiative, he said, adding that after having the zone developed, they will lease out plots to various industrial entities for a tenure of 50 years, he added.
“We have to complete the earth filling, construct road network, establish effluent treatment plants (ETP) and ensure others facilities at this zone.”
Terming Wednesday’s agreement a great step forward, he said China Harbour Engineering Company Ltd will start the earth-filling work very soon.
Mahboob Rahman expressed hope that the total work will be complete within the next ‘5 to 10 months.’
SBG will be a high-quality economic zone having better facilities than other zones do, he said.
On March 20, 2017, Bangladesh Economic Zones Authority (BEZA) handed over the letter of award to Powerpac-East West-Gasmin Consortium for developing and operating the Mirsarai Economic Zone-1.
The consortium of three local companies got the award through competitive bidding for development of the zone on design, build, finance, operate and transfer (DBFOT) basis.
SBG EZ will be one of the 25 blocks or zones to be developed under the Mirsarai Economic Zone area which covers 15,000 acres of land.
BEZA and BPDB-RPCL Powergen Ltd, a joint venture of Bangladesh Power Development Board and Rural Power Company Limited, signed a memorandum of understanding to set up a 150MW power plant at Mirsarai economic zone.
BEZA officials said industries, including garment and garment accessories, integrated textiles, automobiles and shipbuilding could be set up in the SBG EZ.