DCCI for developing Dhaka-Ctg economic corridor

DHAKA, Feb 2, 2017 (BSS) � Dhaka Chamber of Commerce and Industry (DCCI) today urged the authorities concerned to give importance on the development of the Dhaka-Chittagong Economic Corridor (DCEC) considering its contribution to the economy and also help reduce overcrowding in the cities.

The DCEC caters to 16 percent of the land area, 30-35 percent of the population and 50 percent of the National GDP, and 85 percent of international maritime trade of the country, said DCCI president Abul Kasem Khan while focusing on the chamber's working plan for 2017.

Addressing a press conference at DCCI auditorium here, he said a strategic road map including an integrated transport master plan must be made for the development of DCEC corridor to help emerge a natural satellite town between Dhaka and Chittagong.

Referring to the reports of the Asian Development Bank (ADB), Abul Kasem said Bangladesh's economy can grow by an additional 1 percent if the DCEC can be upgraded and developed into a modern communication link between the two major Dhaka-Chittagong cities.

He, however, emphasised on bringing the local coal into the energy stream to accelerate the economic growth of the country as the reserve of coal is expected for the next 60-70 years.

In the energy mix target, the government has targeted to raise energy from coal to 50 percent by importing, which should not be based on imported but from own coal, he added.

The DCCI president also said Bangladesh has huge potentialities to achieve the development targets, including Vision 2021, and infrastructure GDP from 2 percent to 5-7 percent, despite challenges of high cost of doing business, infrastructure development, ensuring energy security, proper land management and skill development.

Private sector needs to be engaged under Build-own-Operate (BOO), Build-Operate-Transfer (BOT) modes of Public Private Partnership (PPP) and other internationally practiced investment models to develop the infrastructure in the country, he added.

Among others, Senior Vice President Kamrul Islam, Vice President Hossain A Sikder, Directors Asif A

Chowdhury, Engineer Akbar Hakim, Hossain Akhtar, Humayun Rashid, Imran Ahmed, KMN Manjurul Haque, Kh. Rashedul Ahsan, Mamun Akbar and M Aluddin Malik and Secretary General AHM Rezaul

Kabir were present during the press conference.

Source: Bangladesh Sangbad Sangstha (BSS)