Ecnec approves Tk 4,347 crore Bangabandhu Shilpa Nagar Development Project

The Executive Committee of the National Economic Council (Ecnec) today approved a project of Tk 4,347.21 crore to develop Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) as a state of the art and international standard greener economic zone of the country.

The approval came at the 21st meeting of the Ecnec in the current fiscal year, held with its Chairperson and Prime Minister Sheikh Hasina in the chair. The premier chaired the meeting virtually from her official Gono Bhaban residence.

Ministers, state ministers and others concerned attended the meeting from the NEC conference room in Dhaka's Sher-e-Bangla Nagar area.

Briefing reporters after the meeting, Planning Minister MA Mannan said that the Ecnec approved a total of eight projects today with an overall estimated cost of Tk 11,324.33 crore. "Of the total project cost, Tk 5,140.39 crore will come from the Government of Bangladesh, Tk 18.12 crore form the concerned organisation's own fund while the rest Tk 6,165.82 crore as loan from foreign sources," he added.

Of the approved eight projects, six are new while two others are revised projects.

The planning minister said Bangladesh Economic Zones Authority (BEZA) under the Prime Minister's Office (PMO) will implement the project titled "Development of Bangabandhu Sheikh Mujib Shilpa Nagar" with an overall estimated cost of Tk 4,347.21 crore.

"Of the total project cost, Tk 3,967.47 crore will come from the World Bank as project loan while the rest Tk 379.74 crore from the Government of Bangladesh," he said.

BEZA will implement this project by December 2025, in order to create an enabling environment for sustainable private investment and a dynamic local market for industrial land.

Mannan said this huge project is being implemented at Mirersarai where foreign companies from countries like China, Japan and South Korea have already shown their interest to invest.