General

10m new jobs to be created in EZs: Kamal

DHAKA, Finance Minister AHM Mustafa Kamal today said about 10 million new jobs will be created in the economic zones (EZs) across the country as the establishment of 100 EZs is in progress for employment generation through increased investment.

The construction work of 'Bangabandhu Sheikh Mujib Industrial Area', the largest, planned and modern industrial area on 30,000 acres of land at Mirsharai, Sonagazi and Shitakunda upazilas is progressing in full swing, he said while unveiling the fiscal year 201920 (FY20) budget in the Jatiya Sangsad.

The minister said investment proposals involving US$15.1 billion have been received so far for these economic zones.

Kamal said, To accelerate GDP growth and generate employments, we need enhanced growth in the industrial sector. This objective will be achieved by establishing economic zones across the country.

As an alternative to public financing, the finance minister said, the government will encourage approval and implementation of projects under the Public Private Partnership (PPP) initiative for infrastructure construction.

Rules for Viability Gap for PPP Project, 2018 and Rules for PPP Technical Assistance Financing, 2018 have been issued for simplification of the government's financial involvement process, he added.

He disclosed that a policy has been formulated for implementation of PPP projects under G2G agreement.

Implementation of 3 PPP projects is underway at a cost of US$ 2.7 billion. At present, 61 projects have been selected for implementation under PPP model. A good number of projects are also in the pipeline, he added.

Source: Bangladesh Sangbad Sangstha (BSS)