Bangladesh Hi-tech park authority and Summit Technopolis signed a concessional loan agreement to construct two of the five blocks on a 232-acre Kaliakoir park.
The project will be built on a design, build, finance, operate, own and transfer basis.
HosneAra Begum, managing director of Hi-tech authority and Abu Reza khan, managing director of Summit Technopolis signed the agreement on their respective organisations at a city hotel yesterday.
Nasrul Hamid Bipu, state minister for power & energy, Zunaid Ahmed Palak, state minister for ICT, Aziz khan, chairman of summit group, ShyamSundorSikder, secretary of ICT were present at the signing ceremony.
According to the signed agreement, Summit will invest US$207.59m to construct multi tenant building, convention center, hotels, customs infrastructure, warehouse and the development of the industry area in block number two.
Water treatment plant and a substation will be built in block number five.
Duration of agreement will be 40 years, which can be extended 20 years more.
Addressing the ceremony Nasrul Hamid Bipu said, “A-150 megawatt power plant will be built for the high-tech park to ensure uninterrupted power supply.”
State Minister for ICT Zunaid Ahmed Palak said: “Today is a history on the way to materialise digital Bangladesh by 2021.”
Aziz Khan of Summit Group said principles of summit would be to create latest technologies that would lead the country towards further development.
The ceremony was addressed, among others, by Faria khan, director of summit group and Hosne Ara Begum, managing director of Hi-tech authority.
The then AL-led government initiated the project in 1999. After assuming of BNP-led four party alliance in 2001 the project was stopped.The project again got momentum in 2009 after AL government came into the power.
