Future Mega Projects in Bangladesh

Apart from various ongoing development projects, the government is also undertaking more new mega projects in Bangladesh. Among them are construction of second Padma Bridge, Subway in Dhaka City, Bangabandhu Satellite-2, Tunnel under Jamuna River, Bangabandhu International Airport, Dhaka East-West Elevated Expressway, Dhaka-Chittagong Elevated Expressway, Flyover and Underpass from Jahangir Gate to Begum Rokeya Sarani, Elevated expressway from Bangabandhu Industrial Area (Mirsarai) to Chittagong Seaport are important. The concerned ministries of the government are working on the master plan for these mega constructions.

Besides building mega projects in Bangladesh, the government is taking a 'mega plan' for strengthening the Health Sector of the country. In this case, there will be three-year medium-term and ten-year long-term plans. The agricultural sector of Bangladesh has shown the only light of hope during the Corona period. Special importance is being given to the agriculture sector. New projects are being taken for the development of this sector. The government also has a master plan for the education sector of the country. In addition the Government is also working to increase the capacity of the IT sector. Long-term plans have been adopted for the transport sector also.

The Eighth Five-Year Plan (July 2020 to June 2025) has been approved at an estimated cost of approximately BDT 65 lac crore. The plan aims to increase GDP by 7.40 percent in the FY 2020-21, 7.70 percent in 2021-22, 8.00 percent in 2022-23, 8.32 percent in 2023-24 and 8.51 percent in the FY 2024-25. As per the eighth five year plan, one crore 13 lac 30 thousand jobs will be created. Of this, 32 lac 5 thousand people will be employed abroad. Within this time inside the country and abroad the government will create employment opportunities for the 2.01 million people in FY 2020-21, 2.13 million in FY 2021-22, 2.26 million in FY 2022-23, 2.41 million in FY 2023-24 and 2.52 million in FY 2024-25.

The present government has taken rural areas as the central philosophy of development and prosperity for the country. Therefore, in line with the 'My Village, My City' policy of the last election manifesto, the budget allocation has been increased for the radical change in rural areas through development of agriculture, access to electricity in rural areas, development of cottage industries and other industries, development of education, communication and public health. Strategies and programs have been adopted for the development of rural growth centers, creation of markets for local products, establishment of food processing industries and agricultural value-chains and expansion of e-commerce of Bangladesh. The government has taken steps to establish 100 specialized economic zones (Economic mega projects of Bangladesh) by 2030 with the aim of achieving economic prosperity of the country, which is expected to create employment for 10 million people. During the Seventh Five Year Plan, the government undertook some important mega projects in Bangladesh. Work on some mega projects will be completed during the Eighth Five Year Plan period and work on some projects will continue. At the same time, the government is working on new projects.

Second Padma Bridge:

The second Padma Bridge will be at Paturia ghat which will be another mega project in Bangladesh. According to the government's master plan, another bridge will be built on the Padma River from Paturia in Manikganj to the Goalanda in Rajbari point. According to the bridge department, after the launch of the first bridge, the second bridge will be considered. However, the government wants to complete the final survey process of the second Padma Bridge project before the budget of FY 2021-22 to keep the work going.

Subway in Dhaka City:

There will be subways in five routes in the capital city Dhaka. Underground work will be done in coordination with the ongoing metro rail work in the city. Two of the five routes will be for east-west communication in Dhaka city. The first is in Dhaka North area whose construction will be completed by 2028. The second will be in south area of Dhaka. There will be 16 stations on the 17.40 km long route. Apart from this, under MRT Line-2 by the year 2030, a 24 km long metro rail will be constructed from Gabtali to Chittagong Road with underground and elevated combination. The mega project of Bangladesh will change the whole communication system of the Dhaka city.

Launch of Bangabandhu Satellite-2:

Launch and use of the country's second satellite will start by 2023. A consulting firm already has been appointed to determine the type of the second satellite. The BSCL (Bangladesh Satellite Company Limited) has appointed Price Waterhouse Coopers (PWC) of France to determine the type of the country's second satellite 'Bangabandhu Satellite-2'.

Jamuna River Tunnel:

It will be another biggest mega project of Bangladesh. After the Karnaphuli tunnel, this time the second tunnel of the country is going to be constructed under the river Jamuna. In the meantime, preparations have come a long way. Jamuna is one of the major rivers of Bangladesh. It originated in India and merged first with the Padma and later with the Meghna. The width of this river is much bigger. During the monsoon, its width becomes 8 to 13 km. The river carries an average of about 19,000 cubic meters of water per second and carries about 600 million tons of silt.

Bangabandhu International Airport:

In 2010, the cabinet approved the construction of Bangabandhu International Airport at an initial cost of BDT 50,000 crore. The proposal provides for 400 passenger and 200 cargo flights per day on three runways. The airport needs 8 km long and 5 km wide space. The aviation ministry says it is considering evicting several thousand families by selecting suitable locations at the airport. After completing the mega project in Bangladesh, the air communication system of the country will go to the next level.

Outer Ring Road around Dhaka city:

Roads and Highways Department (RHD) has started work to implement Outer Ring Road to reduce traffic congestion on Dhaka city. The length of this eight-lane circular road will be about 132 kilometers. The project will be implemented in two phases. The potential cost has been estimated at BDT 15 thousand crore. In the first phase, a 48-kilometer eight-lane road will be constructed from Hemayetpur in Savar to Madanpur in Keraniganj.

Development of Airways:

Construction of the Third Terminal at Hazrat Shahjalal International Airport is underway as part of increasing the quality and scope of passenger and cargo handling capacity of the country's international airport. The work of upgrading Cox's Bazar and Syedpur airports to international airports is ongoing in full swing. The government has taken plans to expand and renovate Jessore, Syedpur and Barisal airports and Shah Makhdum airport in Rajshahi, construction of Khanjahan Ali airport in Bagerhat.

Medium Term Projects:

The government is undertaking 10 more mega project in Bangladesh with a plan to implement them in the medium term between the years 2021 to 2025. This includes construction of Dhaka-Chittagong Elevated Expressway (250 km long). Construction of flyover and underpass from Jahangir Gate to Begum Rokeya Sarani. Besides, feasibility study and construction of elevated expressway from Bangabandhu Industrial Area (Mirsarai) to Chittagong seaport.

 

After completion of these mega projects in Bangladesh the country will offer a great and beautiful look. The economy will start rising and overall lifestyle of the people of the country will change. The projects will play a significant role in trade and commerce of the country with the whole world.

Thanks,

 

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Tourism Industry of Bangladesh | Best and Safe Investment

There is huge potentiality for the Tourism industry in Bangladesh. The government has taken some initiatives and started some mega projects in last few years for the progress of the travel and tourism sector of the country. As a safe investment options for the future with higher returns lots of government projects and some private investment projects are taking to booming this sector.

According to the 2018 annual report of the Travel and Tourism Council (WTTC), the direct contribution of the travel and tourism industry of Bangladesh to the national income of the country in 2017 was BDT 427.5 billion, which is 2.2 percent of GDP and total income from this sector was BDT 850.7 billion which was 4.3 percent of GDP. The direct employment from this sector was 1,178, which is 1.8 percent of the total employment in the country. According to a study by the WTTC, there are currently 11,38,500 people directly and indirectly involved in the tourism industry of Bangladesh. Since tourism sector in on the safe investment option and lots of investment is coming here, within 2026 more than 5 million people will work directly in tourism sector of Bangladesh alone.

Recently, as one of the government's tourism-based initiatives, an international standard tourist center is being set up at one of the Island (char) in Meghna River in Chandpur district at a cost of BDT 6,000 crore. Since tourism is one of the safe ways to invest money, the project is being undertaken by Blue River Island Resort and Tourism Club Limited, a joint venture between Japan and Bangladesh.

It’s a mega tourism project, which is about to start construction soon, will include museums of Bangabandhu and Bangladesh history and heritage, Floating cottages, Four kilometers long cable car, Traditional cottages, Studio apartments, Five star hotels, motels and resorts, Theme parks, River cruises, Speedboats, Helicopters, Convention halls, Theaters, Museum, International Expo Center, Market & Shopping Mall, Gymnasium, Indoor & Outdoor Games, Cricket Arena, Swimming Club, Water Ride, Hospital, Party Center, Holy Corner, Research Institute, Staff Residential Area, Tourism Schools Etc. According to the Blue River Island Resort and Tourism Club, the tourist center will cater to hundred thousands of people every day and accommodate 20,000 tourists overnight. About five thousand people will be employed here.

Besides, the Government has taken lots of initiative to build several tourism based projects to develop the tourism industry of Bangladesh. Some of the projects are PPP basis (Public Private Partnership). Due to safe investment with high returns options in these sector lots of private companies are investing money in the tourism industry of Bangladesh. If these projects are implemented, the Tourism industry of Bangladesh will be boost up in the near future. The government, as well as the private sector and PPP will invest for the implementation of these projects. Among these, railways are being constructed from different parts of the country to travel to Cox's Bazar easily. At present there is a railway line from Chittagong to Dohazari which will be extended from Dohazari to Ghumdhum via Cox's Bazar.

Ramu has numerous historical monuments of the Buddhist community. To develop tourism facilities in this area, initiatives have been taken to simplify the road communication system by reforming. About Tk 335 crore will be spent in this sector. The government is investing money for the construction of Ramu Cantonment which is progressing fast, for that various infrastructures are being developed in the vicinity. Embankments are being constructed on all four sides of Shahpari Island from Cox's Bazar to Teknaf. It has been dubbed as Marine Drive Road. Marine drive road has already been constructed from Cox's Bazar to Shyamlapur. Huge number of small and medium islands has formed at the end point of the Naf River and the Bay of Bengal on Shahpari Island. From here, the difference between the confluence of sea and river water can be clearly seen, as can be seen from St. Martin's Island. A tourism project is also being taken there to show these to the tourists.

One of the completed development projects is the recent construction of 80 km long marine drive road from Cox's Bazar to Teknaf. As a result, the tourist city of Cox's Bazar, INANI beach has become more attractive to domestic and foreign tourists. The government has planned to build three special tourist parks in Cox's Bazar district to attract tourists from different countries of the world. Foreign investors are investing money here since this sector is a safe way to invest money. The three tourism parks are Sabrang Tourism Park, Naf Tourism Park and Sonadia Eco Tourism Park. About 40,000 jobs will be created in these places. These mega tourism projects will take the tourism industry of Bangladesh to a new level.

The famous Thai company Siam International Co Ltd is investing in Naf Tourism Park at Jaliwar dwip, Teknaf. On around 271 acres of land, the project worth more than BD Taka 4,200 crore, will provide employment facilities for more than 12,000 people. Meanwhile, Bangladesh Economic Zone Authority (BEZA) has undertaken the development work of Naf Tourism Park. The Sabrang Tourism Park will be another special tourist economic zone of the country. This tourism park is being built on 1,048 acres of land with state-of-the-art facilities to make it attractive to the tourists. Domestic and foreign entrepreneurs and investors are showing huge interest to make safe investment in Bangladesh tourism industry in this planned modern tourist park. The BEZA has received money investment proposals from several companies for these special tourism parks. These companies will build hotels and Resorts in the zone. They will invest US$ 25 crore for the development of the Tourism industry of Bangladesh.

In the last 10 to 15 years, lots of star class hotels, motels, resorts, special parks etc has been built in and around Cox’s Bazar city. Beside investment companies, Individual peoples who are generally looking for safe investment options, safest way to invest money and people that are looking for safe and long term investment with high returns after their retirements are getting interested to spend money in the tourism industry of Bangladesh. Private hotel / resort and real estate companies are building world class 5-star chain studio hotels and serviced apartments near Inani beach, Cox’s Bazar city and beside the marine drive road as partnership / share basis. People after retirements specially looking for these types of safe and low risk investment options and facilities.

Al-Jesour Resort Ltd has started construction of a 5-Star Studio Hotel and Serviced Apartment named “Prashad Sholilkul” on their own land at Inani beach beside the Marine drive road which is expected to be completed within 2025. 2nd floor column work of the project has already been done. Individuals, Job holder, retired persons, SME business man, NRB (Probashi) and other interested person can make investment in these types of projects for low risk and high yield returns. Most of the government projects to develop the Tourism Industry of Bangladesh in Cox’s bazar, Inani, Teknaf, Maheshkhali, Sonadia area around will be completed within or after 2025. Then this zone will become the Tourist Capital of Bangladesh. Huge number of tourists will go there for refreshment. Within this time the Road, Railway and Air communication system from Cox’s Bazar to all other parts of the country will be easier and faster.

The tourism sector could become one of the tools and best income option for Bangladesh to achieve the Sustainable Development Goals by 2030. The addition of tourism industry in Bangladesh to the development journey of the country will not only bring financial benefits, but also spread its benefits at the marginal level through the participation of the locals. For this, it is necessary to give utmost importance to the tourism industry of Bangladesh in the development thinking of the government.

Thanks,

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Mega Projects in Coxs Bazar | Industry & Tourism Sector

  

Within recent ten years, several mega projects started working in Cox's Bazar district and finally special initiatives were taken to implement these projects as priority projects of the Government to present the Coxsbazar as a special economic zone and make an attractive tourist area of Bangladesh. The special aim of the present government about Cox's Bazar is to build hopes for the people of this area to be a special economic zone. Some ongoing mega projects of Coxs Bazar area are:

• Construction of railway line from Dohazari to Cox's Bazar and Ramu to Ghum dhum
• Upgrade Cox's Bazar existing Airport to an International Airport
• Construction of Matarbari Coal Power Plant
• Sonadia Deep Seaport Construction project
• LNG Terminal Construction project
• Maheshkhali-Anwara Gas Transmission Pipeline Project
• Khurushkul Extensive asylum project
• Construction of High-tech Park in Ramu
• Construction of sub-marine base of Navy at Pekua
• Sabrang Economic zone of Teknaf (Tourist Park)
• Jalliar island special economic zone (Naf Tourism Park)
• Setting up National Marine Research Institute at Inani
• Digital Island-Maheshkhali project

 

Recent progress reports of these projects have indicated that most of the projects are in the right direction.

Dohazari-Ramu to Cox's Bazar to Ghumudhum railway line: The project is being implemented at a cost of more than BDT 18 thousand crore with the Asian Development Bank (ADB) funding. The overall physical progress of the project is satisfactory. If the government-initiated projects for road connectivity are implemented, connectivity with different countries of South Asia will be increased. The project is expected to be completed by the year 2022.

Cox's Bazar International Airport Project: The project of upgrading Cox's Bazar existing Airport to an International Standard Airport was inaugurated by the Prime Minister Sheikh Hasina on July, 2015. The existing runway of the airport will be increased from 6775 feet to 9000 feet. The cost of this project is more than BDT 11 thousand crore. Project development work is running in full progress. These include construction of shelter projects, construction of roads and bridges, and construction of BWDB's embankments etc.

Matarbari Coal Electricity Plant: The ultra-super-critical technology based coal-based power plant will be built on total 1,414 acres of land at Matarbari and Dhalghata Union of Maheshkhali. The expected project cost is more than BDT 35 thousand crore. The Japanese government will finance the project. The progress report said that other works are in line as per the work plan and the project is expected to be completed within 2023.

Sonadia deep sea port: At present no detail information is available about its progress. Japan's Pacific Consultant International (PCI) has completed a technical and economic study and survey to build a deep sea port in Sonadia Island, Coxsbazar. Although initially it was planned to be constructed on a public-private partnership (PPP) basis, it has now been decided to build on a government-to-government (G2G) basis. Other countries, including China, India and the United Kingdom, have shown initial interest about this project.

LNG Terminal at Maheshkhali: A Floating Storage and Registration Unit (FSRU) floated in the Bay of Bengal near Maheshkhali. The huge ship-cum-terminal was brought from Qatar by liquefied natural gas or LNG. It converts the liquid fuel into gas and sends it to Chattogram through a 90 km long pipeline. The floating terminal arrived in Maheshkhali on April 2018. The project is being implemented with built on operating and transfer method. In addition to the construction of LNG terminal, parallel pipeline construction of Maheshkhali-Anwara gas transmission pipeline, construction of Anwara-Fouzdarhat gas circulation pipeline and construction of Chittagong-Feni-Bakhrabad gas transmission pipeline are also involved.

Submarine base of the Navy in Pekua: To construct a submarine base the Bangladesh Navy has acquired around 333 acres of land in Magnama Mouja under Pekua upazila. An allotment of BDT 63 crore has already been made for land compensation and the land has been handed over to the prospecting company.

Ramu National Oceanic Research Institute: Under the Ministry of Science and Information and Communication Technology, 29.5 acres of land was provided in the Pechardip Mouja area in Ramu upazila for setting up the National Oceanic Research Institute. The project was inaugurated by the Prime Minister after completing construction work at a cost of more than BDT 80 crore. Currently the activities of the research institute are underway.

Sabrang Tourism Park of Teknaf (Special Economic Zone): With the permission of Land Ministry and acquisition of 1139 acres of land has already been handed over to BEZA (Bangladesh Economic Zone Authority). BEZA has completed the feasibility evaluation process. Currently, the BWDB, LGED, RHD and Rural Electrification Boards have adopted plans for development activities in the applicable field. The project was inaugurated by the Prime Minister through a video conference 2016.

Jaliardwip Exclusive Tourist Zone (Naf Tourism Park) of Teknaf: For the establishment of Jalliyar dwip Exclusive Tourist Zone, 271 acres of land at Jaliar deep in Naf River has been handed over to Bangladesh Economic Zone Authority (BEZA). In addition, the Forest Department has approved 21.12 acres of land for use as road to Jaliaradwip Exclusive Tourist Zone (Naf Tourism Park). With the help of a German-based company, the project will develop a variety of entertainment mediums, including long cable cars, to entertain tourists.

Khurushkul shelter project: A special shelter project was undertaken on 253.35 acres of land at Khurushkul Mouza on the eastern side of the Bakkhali river to rehabilitate 4409 landless families living illegally on Government land on the west side of Cox's Bazar Airport. A Sheikh Hasina tower and 149 multi-storeyed buildings will be constructed for the rehabilitation.

The present government has a special focus on making Cox's Bazar a developed and perfect tourist city. Therefore, the current government is planning to implement various development projects in Cox's Bazar. In the last years, the government has approved 25 mega development projects in Cox's Bazar. Therefore, they need to be implemented at the right time.

Thus, the image of Bangladesh will be completely changed after 15 years if the development continuity is maintained. Business will be boosted and will create employment opportunity. At the same time, a large part of the national revenue will be acquired from Cox's Bazar.

Thanks,

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