The government will float a tender of the proposed construction of a 142-storey building, Iconic Tower, in Purbachal in July, Finance Minister AMA Muhith said in this budget speech on Thursday.
Muhith said: “We will finalise a plan to establish a convention centre with 5,000 capacity in Purbachal. The 142-storey Iconic Tower will be built under private ownership next to the convention centre.”
He also said: “For about six years, we have been formulating plans, holding inter-ministerial meetings and exchanging opinions with interested contractors and fund providers for this project.”
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Prime Minister Sheikh Hasina approved the proposal in October 2016 to build Iconic Tower in Purbachal in the outskirts of Dhaka.
Currently, the 88-storey Petronas Towers in Malaysia – which also has five extra storeys below ground – is the tallest building in South Asia. With the construction of Iconic Tower, Bangladesh will have the tallest building in South Asia.
Muhith further added: “A deal will be signed with US-based firm Kali Pradip Chaudhury Group very soon for the project.”