Bangladesh Economic Zone Authority (BEZA) has sought funding from the finance division to set up a special economic zone at Anwara upazilla in Chittagong for attracting the Chinese investors especially.
The authority has recently sent a proposal to the finance ministry seeking over Tk420 crore interest free fund for land acquisition of land in the Chinese Economic and Industrial Zone (CEIZ).
Bangladesh and China had earlier signed a memorandum of understanding (MoU) on Establishment of the Chinese Economic and Industrial Zone in Bangladesh during Bangladesh Prime Minister Sheikh Hasina’s visit to China.
The China Harbour Engineering Company Limited is working to establish the economic zone on 774 acres of land in Anwara.
BEZA in its proposal said, “The authority needs the fund as they have to handover the land to the Chinese authority in the designated time as mentioned in the Memorandum of Understanding between the two countries.
The fund is expected to come from Annual Development Programme (ADP) of Bangladesh, said an official.
As contacted, BEZA Executive Chairman Paban Chowdhury told the Dhaka Tribune that BEZA was conducting the feasibility study on establishing the economic zone.
