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Bangladesh Economy: News & Updates

Padma Multipurpose Bridge Superstructure Development


Economic zones development in Bangladesh. This is what the subcontinent should be competing in - not terrorism or arms.


Satellite project


Dhaka elevated expressway animation
 
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Its easy to sign paper reality is different

I am not sure abt the soil of bd to hold this kind of huge buliding

Plus you will need a lot of experts which bd dont have maintain and other is different
 
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Its easy to sign paper reality is different

I am not sure abt the soil of bd to hold this kind of huge buliding

Plus you will need a lot of experts which bd dont have maintain and other is different

This company has ZERO experience in large business ventures and ZERO expertise in large scale projects of any sort, much less massive real estate projects like this. Their signature project were the KPC medical college in Jadavpur which is a sad sight.....they have better buildings even in third grade towns in Bangladesh.

What is apparent and I'd put in a healthy bet on it - is that they must have promised Govt. officials some rather hefty cuts on the proceeds....otherwise how could a govt. publicly support such a 'pie in the sky' project and one that is mooted by such a disreputable entity?
 
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What is apparent and I'd put in a healthy bet on it - is that they must have promised Govt. officials some rather hefty cuts on the proceeds....otherwise how could a govt. publicly support such a 'pie in the sky' project and one that is mooted by such a disreputable entity?

So its all a publicity scam and possible land acquisition scam too?

Reminds me of Malaysia in the 80s and early 90s.
 
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This company has ZERO experience in large business ventures and ZERO expertise in large scale projects of any sort, much less massive real estate projects like this. Their signature project were the KPC medical college in Jadavpur which is a sad sight.....they have better buildings even in third grade towns in Bangladesh.

What is apparent and I'd put in a healthy bet on it - is that they must have promised Govt. officials some rather hefty cuts on the proceeds....otherwise how could a govt. publicly support such a 'pie in the sky' project and one that is mooted by such a disreputable entity?

Projects usually dont get failed when you have backing from government. We have to wait and see.

So its all a publicity scam and possible land acquisition scam too?

Reminds me of Malaysia in the 80s and early 90s.

I dont think you even born then.. stop acting like a nutts.
 
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http://businessnews24bd.com/countrys-first-8-lane-highway-launched/
Country`s first 8-lane highway launched
on August 13, 2016

businessnews24bd.com

Prime Minister Sheikh Hasina inaugurated the country`s first eight-lane highway from Jatrabari to Kanchpur through a videoconferencing at Ganobhaban on Saturday.



From the same programme, Sheikh Hasina also inaugurated the construction works on a four-lane highway from Jatrabari intersection to Mawa, including Ikuria-Babubazar link, and upgradation of Pachhar-Bhanga highway with a separate service lane on both ways for slow-moving vehicles which is also known as Padma Bridge link road.



In the programme, the Premier said, “Today Jatrabari-Kanchpur eight-lane highway launched. Besides this, the construction works on a four-lane highway of Pachhar-Bhanga also started. This development will reach to the people of Southern region. The development will boost country`s economy.”



“We must establish the Golden Bangladesh dreamed by Father of the nation Bangabandhu Sheikh Mujibur Rahman,” she added.



According to the Road Transport and Bridges Ministry, the Road Transport and Highways Department implemented the 7.20-km eight-lane highway project from Jatrabari-Kanchpur at a cost of Tk 131.99 crore.



Roads and Highways Department and the Special Works Organization (West) of Bangladesh Army will jointly implement the Padma Bridge Link Road project by April 2019 at an estimated cost of Tk 6252.28 crore.



The 55-kilometer highway will go through Dhaka, Munshiganj, Madaripur and Faridpur upazilas and it would have six flyovers, four railway overpasses, 15 underpasses and three interchanges.



This will be the country`s first such expressway without any traffic crossover, facilitating uninterrupted vehicular movement.
 
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http://businessnews24bd.com/countrys-first-8-lane-highway-launched/
Country`s first 8-lane highway launched
on August 13, 2016

businessnews24bd.com

Prime Minister Sheikh Hasina inaugurated the country`s first eight-lane highway from Jatrabari to Kanchpur through a videoconferencing at Ganobhaban on Saturday.



From the same programme, Sheikh Hasina also inaugurated the construction works on a four-lane highway from Jatrabari intersection to Mawa, including Ikuria-Babubazar link, and upgradation of Pachhar-Bhanga highway with a separate service lane on both ways for slow-moving vehicles which is also known as Padma Bridge link road.



In the programme, the Premier said, “Today Jatrabari-Kanchpur eight-lane highway launched. Besides this, the construction works on a four-lane highway of Pachhar-Bhanga also started. This development will reach to the people of Southern region. The development will boost country`s economy.”



“We must establish the Golden Bangladesh dreamed by Father of the nation Bangabandhu Sheikh Mujibur Rahman,” she added.



According to the Road Transport and Bridges Ministry, the Road Transport and Highways Department implemented the 7.20-km eight-lane highway project from Jatrabari-Kanchpur at a cost of Tk 131.99 crore.



Roads and Highways Department and the Special Works Organization (West) of Bangladesh Army will jointly implement the Padma Bridge Link Road project by April 2019 at an estimated cost of Tk 6252.28 crore.



The 55-kilometer highway will go through Dhaka, Munshiganj, Madaripur and Faridpur upazilas and it would have six flyovers, four railway overpasses, 15 underpasses and three interchanges.



This will be the country`s first such expressway without any traffic crossover, facilitating uninterrupted vehicular movement.

Would be great if you can update some videos of people travelling on it when they are available :tup:
 
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Industries give locality a new lease of life
Mir Mahmudul Hasan . Nilphamari | Update: 20:47, Aug 19, 2016

0Like

b0803cbc978a83a7c722f1c0d51199f4-17f770d15025aea71fff069dc0c3a600-179_NILPHAMARI-PIC-EPZ-7.gif
Last year the Hong Kong firm Evergreen exported 35 million wigs worldwide, earning more than $15 million. It’s factory is in an export processing zone of North Bengal in Bangladesh and employs 15 thousand workers from 10 nearby villages.

Just 15 years ago, Songolshi union was a poverty-stricken area about 10 kilometers from Nilphamari. Now 12 local and foreign companies have set up factories on 140 plots of land in this Uttara export processing zone. Eight of these are Hong Kong-based and one is from the United Kingdom. The rest are local. The factories here produce items like sweaters, spectacles and even coffins. A British company Oasis has trained local women in making bamboo and cane caskets for funerals.

According to Bangladesh Export Processing Zones Authority (BEPZA), these factories have exported $188,800,000 worth of products in the last fiscal year alone.

Currently there are 22 thousand workers employed in the Uttara EPZ and 65% of them are women. There are alo 20 foreign and local factories surrounding the EPZ which also employ thousands of people. These factories are changing the face of the area rapidly. In the villages nearby, the farmers are turning into factory workers. The once sleepy little village homes are becoming livelier and prosperous.

Local people say that once the farmers here were unemployed most of the year and lived in poverty. Many used to leave for other districts to find work. Now, people from other districts come here to find work and settle in the area.

At six in the morning in the EPZ, thousands of people can be seen entering the factories. They com t work on cycle, motorbikes, easy-bikes and on foot.

By seven in the morning, most of the workers are at their stations. Then from four in the afternoon, they leave the factories in streams, heading back home.

In the mornings and later afternoons the rods of the area teem with the factory workers going to work and returning home. The easy-bike business is booming due to these commuters.

Waiting at a factory gate, rickshaw-van puller Azinur Islam (30) said his home was nearly eight kilometers away in Choraikhola union. His wife, Komola Begum, has been working at a leather factory in the EPZ for around two years. She earns more than him, about Tk 7-8 thousand per month. He takes his wife to work and back in his van. Other workers from that area also travel by his van, and he earns around Tk 6 thousand per month. He says that before his family was poor. Now they earn enough to even save at the end of the month.

Many women and men from village, Itakhali union work in the factories. The village Haribollob of Itakhola union has transformed entirely over the years, with many of its men and women employed in these factories. Babul Chandra Ray (40) was originally a farmer and could not find work throughout the year. He would ply a rickshaw for a living.. He didn’t own land. His three daughters now work at the EPZ and bring together home Tk 30 thousand a month. Babul now owns land and has three tin-roofed houses.

Anwarul Islam (24) and his wife Parvin Akhter (22) work at Evergreen. They earn Tk 15 thousand together monthly. He has studied up to grade 10, his wife up to grade 8. After five years of working, they bought a motorbike and a new home.

At around 4 pm, we meet Parimol Roy (23) at the EPZ gate, taking his wife Rani Ray (18) home on a bicycle. They live almost 10 kilometers away. Both of them work at Evergreen. He works at packaging, his wife makes wigs. He was a sharecropper before, working on leased land. Now he leases land to others.

Deputy General Manager of Evergreen Subrata Sarkar said that 65 percent of their 15 thousand workers are women. Last year they earned $15 million from exporting wigs. They mostly produce carnival and synthetic wigs.

The president of the chamber of commerce and industry at Nilphamari SM Shafiqul Alam said that the area here was once mostly agricultural. No one had seen any other factories other than rice mills. Farmers would be unemployed for most the year and the women would spend their time at home. Now both men and women are working at the factories and earning money.

The general manager of Uttara EPZ Mohammed Janab Ali said that when the EPZ was first launched in 2001, there wasn’t much expectations about the project. There was only one factory named Uttara sweaters. Now, 12 companies have constructed factories on 140 plots of land. Nine of these companies are foreign and 40 more plots have been readied, most of which has been booked already.

Due to the construction of the new factories, the demand for electricity in the area has increased, said the general manager. “EPZ now needs 15 megawatts of electricity. The Rural Electrification Board has made a 10 megawatt power substation here. We have asked for it to be expanded, but progress has been slow.”





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Industries give locality a new lease of life
Mir Mahmudul Hasan . Nilphamari | Update: 20:47, Aug 19, 2016

0Like

b0803cbc978a83a7c722f1c0d51199f4-17f770d15025aea71fff069dc0c3a600-179_NILPHAMARI-PIC-EPZ-7.gif
Last year the Hong Kong firm Evergreen exported 35 million wigs worldwide, earning more than $15 million. It’s factory is in an export processing zone of North Bengal in Bangladesh and employs 15 thousand workers from 10 nearby villages.

Just 15 years ago, Songolshi union was a poverty-stricken area about 10 kilometers from Nilphamari. Now 12 local and foreign companies have set up factories on 140 plots of land in this Uttara export processing zone. Eight of these are Hong Kong-based and one is from the United Kingdom. The rest are local. The factories here produce items like sweaters, spectacles and even coffins. A British company Oasis has trained local women in making bamboo and cane caskets for funerals.

According to Bangladesh Export Processing Zones Authority (BEPZA), these factories have exported $188,800,000 worth of products in the last fiscal year alone.

Currently there are 22 thousand workers employed in the Uttara EPZ and 65% of them are women. There are alo 20 foreign and local factories surrounding the EPZ which also employ thousands of people. These factories are changing the face of the area rapidly. In the villages nearby, the farmers are turning into factory workers. The once sleepy little village homes are becoming livelier and prosperous.

Local people say that once the farmers here were unemployed most of the year and lived in poverty. Many used to leave for other districts to find work. Now, people from other districts come here to find work and settle in the area.

At six in the morning in the EPZ, thousands of people can be seen entering the factories. They com t work on cycle, motorbikes, easy-bikes and on foot.

By seven in the morning, most of the workers are at their stations. Then from four in the afternoon, they leave the factories in streams, heading back home.

In the mornings and later afternoons the rods of the area teem with the factory workers going to work and returning home. The easy-bike business is booming due to these commuters.

Waiting at a factory gate, rickshaw-van puller Azinur Islam (30) said his home was nearly eight kilometers away in Choraikhola union. His wife, Komola Begum, has been working at a leather factory in the EPZ for around two years. She earns more than him, about Tk 7-8 thousand per month. He takes his wife to work and back in his van. Other workers from that area also travel by his van, and he earns around Tk 6 thousand per month. He says that before his family was poor. Now they earn enough to even save at the end of the month.

Many women and men from village, Itakhali union work in the factories. The village Haribollob of Itakhola union has transformed entirely over the years, with many of its men and women employed in these factories. Babul Chandra Ray (40) was originally a farmer and could not find work throughout the year. He would ply a rickshaw for a living.. He didn’t own land. His three daughters now work at the EPZ and bring together home Tk 30 thousand a month. Babul now owns land and has three tin-roofed houses.

Anwarul Islam (24) and his wife Parvin Akhter (22) work at Evergreen. They earn Tk 15 thousand together monthly. He has studied up to grade 10, his wife up to grade 8. After five years of working, they bought a motorbike and a new home.

At around 4 pm, we meet Parimol Roy (23) at the EPZ gate, taking his wife Rani Ray (18) home on a bicycle. They live almost 10 kilometers away. Both of them work at Evergreen. He works at packaging, his wife makes wigs. He was a sharecropper before, working on leased land. Now he leases land to others.

Deputy General Manager of Evergreen Subrata Sarkar said that 65 percent of their 15 thousand workers are women. Last year they earned $15 million from exporting wigs. They mostly produce carnival and synthetic wigs.

The president of the chamber of commerce and industry at Nilphamari SM Shafiqul Alam said that the area here was once mostly agricultural. No one had seen any other factories other than rice mills. Farmers would be unemployed for most the year and the women would spend their time at home. Now both men and women are working at the factories and earning money.

The general manager of Uttara EPZ Mohammed Janab Ali said that when the EPZ was first launched in 2001, there wasn’t much expectations about the project. There was only one factory named Uttara sweaters. Now, 12 companies have constructed factories on 140 plots of land. Nine of these companies are foreign and 40 more plots have been readied, most of which has been booked already.

Due to the construction of the new factories, the demand for electricity in the area has increased, said the general manager. “EPZ now needs 15 megawatts of electricity. The Rural Electrification Board has made a 10 megawatt power substation here. We have asked for it to be expanded, but progress has been slow.”
 
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