Wednesday 23 September 2020 ,
Wednesday 23 September 2020 ,
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27 January, 2020 09:49:32 AM / LAST MODIFIED: 27 January, 2020 12:07:46 PM
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JICA to finance new Japanese EZ in N’ganj

Deal for land development today
BSS, Dhaka
JICA to finance new Japanese EZ in N’ganj

An agreement will be inked today between the Infrastructure Development of Japanese Economic Zone (EZ) Project and Japanese TOA Corporation for land development of the Japanese EZ.

Talking to the news agency, JICA Bangladesh Office Representative Wataru Osawa said JICA is going to finance the new Japanese EZ at Araihazar area in Narayanganj district.

Japan International Cooperation Agency (JICA) will finance the off-site infrastructure of the economic zone, like power plant, sub-station, access road, land development and some cannels, he added.

He said BEZA and Japanese developer has already established a new special purpose company (SPC) to manage the new EZ.

Wataru Osawa informed that JICA is funding in the EZ under the “Foreign Direct Investment (FDI) Promotion Project” and the project will also finance the Japanese and other FDI companies for their short-term, midterm and long- term capital investment and operations to promote investment in Bangladesh.

He hoped that higher level industries will be set up in the EZ as all sorts of modern facilities will be ensured there.

Prime Minister’s Principal Secretary Dr Ahmad Kaikaus will attend the contract signing function as the chief guest at the Pan Pacific Sonargaon Hotel in the city while Secretary of the Prime Minister’s Office (PMO) Md Tofazzel Hossain Miah, Minister of the Embassy of Japan in Bangladesh Hiroyuki Yamaya, Chief Representative of the JICA Bangladesh Office Hirata Hitoshi, Chief Representative of JETRO Dhaka Yuji Ando and Executive Officer of the Internal Division of TOA Corporation, Japan Masaki Uematsu will be present as special guests.

BK

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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