Third Terminal at Dhaka Airport | The country will change

The construction work of the Dhaka airport third terminal of Hazrat Shahjalal International Airport in Dhaka is going on at high-speed ignoring the rainy weather of Corona epidemic. Bangladesh will change in this dazzling mega project. By June 2022, around 42 percent of the project has been completed. The third terminal with its unique in architectural style, will be inaugurated in October 2023.

The government wants to make a splash by inaugurating this mega project before the next parliamentary elections. With the launch of the Dhaka airport Third Terminal, Bangladesh's prestige and importance will increase internationally. The project participants are hoping that the work of this project, which is 3 percent ahead of the construction target, will be completed ahead of time. In this regard, the chairman of the Civil Aviation, Air Vice Marshal. Mofidur Rahman told Newspapers, ‘Airport is the mirror of any country. When a tourist comes to a country, he first evaluates the country by looking at the airport. If the airport is modern, the image of the country seems to be developed. Bangladesh is moving forward under the leadership of Prime Minister Sheikh Hasina. The inauguration of the third terminal will add another feather to the country's progresses’.

The Padma Bridge is pride of Bangladesh. The Dhaka airport Third Terminal will further enhance our dignity. So far 42 percent of the work of this project has been completed. Work is ahead of target. Work will move forward faster this year. The structure of the terminal building has been completed and various additions to the interior works are underway. The Third Terminal Structurally will be inaugurated in October next year after completing the work as per the target. It could take up to the middle of next year to make the entire airport functional by connecting all the equipment and accessories. There is a lot of work to be done to make functioning an airport. The construction of the Dhaka airport third terminal was a promise made by the Prime Minister to the people, and we are working hard to fulfill it. '

A tour of the Dhaka airport Third Terminal project area reveals that more than 3,000 pillars of the terminal were erected last year. Now the infrastructure of the terminal is being built on these. Due to this, the progress of the project can be seen from the road adjacent to the airport. Sitting on the pillars is a designed black steel sheet. The Third Terminal building is standing on its own two feet with the help of sophisticated equipment and workers.

When the third terminal will be inaugurated, many planes will come to the runway at Hazrat Shahjalal International Airport. There is one runway at the airport. Construction of two additional high-speed taxiways has been undertaken to reduce the durability of the aircraft on the runway and enable it to park faster. The plan was to complete the work by June. But the work was completed in the first week of May, project officials said.

Work is going on for 16 hours a day in two shifts of eight hours to complete the project before the scheduled time. Various initiatives have been taken to protect workers from the Corona epidemic. Arrangements have been made for the workers to stay in the project area. Although some workers were affected, they have returned to work after recovering from regular treatment. As a result, there was no interruption in the work. Although many projects have been delayed in the hands of Corona, the work of this mega project is ahead of the target.

The Dhaka airport third terminal project is being jointly implemented by Japanese manufacturer Simuji and Korean company Samsung. According to the Civil Aviation Authority, the two terminals at Hazrat Shahjalal Airport currently have a passenger capacity of about 7 million a year. If the third terminal is built, this number will be close to 20 milion. In this terminal of five lac forty two thousand square meters, aprons (space for parking planes) are being constructed to hold 37 planes simultaneously. The terminal building will be 2 lakh 30 thousand square meters. Inside the building there will be touches of all the significant and sophisticated technologies of the world. The terminal under construction will be fitted with several straight escalators. This arrangement is for those who cannot walk long distances inside the airport. These escalators are widely used in the world's most sophisticated airports, including Singapore and Bangkok. This will give passengers a quiet and smooth ride experience.

Metrorail will be connected to the Dhaka airport third terminal. A separate station will also be built. Through this, passengers coming to Bangladesh will be able to go to their destination by metro rail without leaving the airport. There will be a baby care lounge in front of each washroom in the terminal. Inside the lounge will be the mothers' breastfeeding booth, a large family bathroom. In addition, there will be various arrangements for children to play, including slippers and swings. There will be health inspection facilities, first-aid rooms for first aid, various disease testing centers and isolation areas.

According to project sources, the cost of the project is Tk 21,399 crore. The government will provide 5,258 crore rupees for the total expenditure and JICA will provide 16,141 crore rupees as a loan. The design of the Dhaka airport third terminal has a sufficient number of accelerators, substations and lifts attached. There will be radar, control tower, operation building, multi-storey car park. The three-storey terminal building will bring a unique aesthetic to the architecture. The exterior will have a dazzling design.

Thanks,

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Padma Bridge | A Nation's Dream & Pride

Padma Bridge | A Nation's Dream and Pride

Dreams and reality come together at one point. The south door of the country has opened. Prime Minister Sheikh Hasina opened the gates of Padma Bridge. With the launch of the Padma bridge, 21 districts in the south and south-west were connected to the capital of Bangladesh. New doors of connection, communication and possibilities have been opened. Speaking at the inauguration ceremony today (25 June, 2022), the Prime Minister said, ‘This bridge is not just a brick-cement-concrete structure; This bridge is our pride. It’s a symbol of ability, a symbol of dignity.'

The dream Padma Bridge will be open for public traffic from 6 am on 26 June, 2022. On the historic day of the inauguration of the Padma Bridge, the Prime Minister called upon all to take an oath to work for the welfare of the country and the people of the country. On the occasion of the inauguration of the Padma Bridge, a gathering was organized at the end of Mawa. Prominent people including government ministers, speakers, politicians, diplomats and academics were present at the gathering. Prime Minister Sheikh Hasina arrived at the venue around 10 am.

Slogans like 'My bridge with my money, Padma bridge in Bangladesh' or 'Construction of Padma bridge, Sheikh Hasina's contribution' were shining on the stage of the inauguration ceremony of Padma bridge. After the commencement of the pre-survey in 1998, the initiative to build the bridge was hampered step by step. The Padma Bridge is a symbol of wonder built over the walls of all obstacles.

The Prime Minister was accompanied by Road Transport and Bridges Minister Obaidul Quader, Prime Minister's Economic Adviser Moshiur Rahman, former Communications Minister Syed Abul Hossain and former Bridge Secretary Mosharraf Hossain Bhuiyan. Prime Minister's daughter Saima Wazed was also present at the time.

Besides unveiling the plaque of the bridge, the Prime Minister also inaugurated Bangabandhu Sheikh Mujibur Rahman and his mural. At this time colorful smoke is blowing in the sky. The Prime Minister herself chanted 'Joy Bangla', 'Joy Bangabandhu'. Everyone present applauded. Then the Prime Minister's convoy climbed the Padma Bridge again. Crossing the bridge, she went to the Jazira end.

The Prime Minister unveiled commemorative stamps, souvenir sheets, inaugural envelopes and special seals on the occasion of the grand inauguration of the Padma Bridge project built with the country's own funds. Posts and Telecommunications Minister Mustafa Jabbar, Post Secretary Khalilur Rahman and Director General of the Postal Department Faizul Azim were present on the stage.

The Prime Minister also unveiled a special commemorative note of Tk 100 of Bangladesh Bank on the occasion of inauguration of Padma Bridge. Governor of Bangladesh Bank Fazle Kabir was present at the time. The Prime Minister took pictures with the people associated with the bridge on the stage. A replica of the Padma Bridge was also presented to the Prime Minister by the company constructing the Padma Bridge.

After that, the Prime Minister was the first person to unveil the inaugural plaque and mural-1 of the Padma Bridge at the Mawa end of the toll road and participate in the munajat. Saima Wazed, the daughter of the Prime Minister and a pioneer of the autism movement in Bangladesh, was with her at the time. As the Prime Minister was passing by with her convoy, she descended along the middle of the bridge and witnessed the rippling waves of the bridge and the intoxicating Padma. During this time she also enjoyed a pleasant display of the Air Force.

In her speech before the inauguration of the Padma Bridge, the Prime Minister said, "The strength of the people is a great strength. I started the construction of the Padma Bridge with that strength. People are the address of my courage. I salute the people for the successful construction of the Padma Bridge."

Sheikh Hasina said, "The construction of this bridge was delayed for two years due to conspiracy. But we have never been discouraged. And in the end we were able to break through all the darkness and travel the path of light. Today red-blue light flashes on Padma's chest. 42 pillars, this pillar is like a reflection of Bangladesh. '

The Prime Minister wished forgiveness of the souls and peace of soul of the deceased including Professor Jamilur Reza Chowdhury involved in the construction of Padma Bridge and conveyed deep sympathy to their family members.

Sheikh Hasina said, "There were many comments, how can I do it again with my own funds?" The idea was that this Bangladesh would be dependent for the rest of its life, and would have to depend on the mercy of others. I'm grateful that the Father of the Nation has taught us to live with self-respect. The Padma Bridge is a multipurpose road-rail bridge across the Padma River to be constructed in Bangladesh.

 

Thanks,

 

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Padma Bridge: Construction Schedule Timeline

Padma Bridge: Construction Schedule Timeline

Padma Bridge is a multi-purpose road and Railway Bridge built over the Padma River which will directly connected Shariatpur and Madaripur districts with Munshiganj. The inauguration date of Padma Bridge has been fixed on June 25, 2022. The two-tiered steel and concrete truss bridge has a four-lane road at the top and a single rail track at the bottom. The main infrastructure is constructed with 42 pillars and 41 spans of 150 m length. The length of the bridge is 6.15 km and the width is 18.10 m.

 

Construction Timeline:

Major Bridge Engineering Corporation of China was hired for the main bridge. Sinohydro Corporation of China works on river governance. Abdul Monem Limited of Bangladesh was awarded the contract for construction of two connecting roads and infrastructure. The main construction work started in October 2017.

Year 2017:

• After a long wait on September 30, the first span was placed on the pillars of the Padma Bridge. The span was installed with the help of floating cranes on pillars 37 and 38 at Jajira end of Shariatpur.
• On March 11, the third span sits on pillars 39 and 40.
• On 13 May, the fourth span was placed on pillars 40 and 41.
• The fifth span of the bridge has been laid on June 29 in Naodoba area of ​​Jajira upazila of Shariatpur.

Year 2018:

• In January sits the sixth last span on the Jazira edge.
• On 28 January, the second span 7B superstructure was installed on the 38th and 39th pillars of the Padma Bridge. About four months after the first span was installed, the 3,150-tonne span was installed at the Naodoba end of the island.
• Seventh span sitting on pillars 4 and 5 at the end of Mawa.

Year 2019:

• On 20 February, the eighth span was placed on pillars 36 and 35 at the Zazira end.
• On March 22, the ninth span sat on the 35th and 34th pillars of the bridge.
• On April 10, tenth span on pillars 13 and 14 at the end of Mawa.
• On 23rd April, the 11th span sat on the 33rd and 34th pillars at the Jazira end of Shariatpur.
• On 17 May, the 12th span was placed on the 20th and 21st pillars between Mawa and Jajira.
• On May 25, the 13th span 3B was placed on the 14th and 15th pillars.
• The 14th span was placed on 29 June.
• On 22 October, the 15th span of the Padma Bridge was laid on the 24th and 25th pillars at the Jazira end.
• The 16th span was placed on the 16th and 17th pillars at the end of Mawa on 27 November.
• On December 5, 2019, the 17th span of the main bridge was placed on the pillars 22 and 23.
• The 18th span of the Padma Bridge was laid on 11 December.
• The 19th span was installed on 18 December.
• On 31st December, the 20th span of the Padma Bridge was laid on the 18th and 19th pillars at the Mawa end of Munshiganj. The gray ‘3-F’ numbered span is placed on top of the pole.

 

Year 2020:

• On 14 January, the 21st span was placed on the 32nd and 33rd pillars at the Jazira end of the Padma Bridge.
• On 23 January, the 22nd span was placed on the 5th and 6th pillars on the Mawa side.
• The 23rd span is on February 2.
• The 24th span is sitting on 11 February.
• The 25th span was installed on 21 February.
• On March 10, the 26th span of the Padma Bridge was laid. This span is placed on the 28th and 29th pillars at Jajira end of Shariatpur.
• On April 20, the 27th span was placed on pillars 27 and 28.
• On 11 April the 28th span was placed at the end of Jazira.
• On May 4, the 29th span of the bridge with ‘4A’ ID number was placed on the 19th and 20th pillars of the bridge at the end of Mawa.
• On May 30, the 30th span was placed on the 26th and 27th pillars of the bridge at the Jazira end.
• On June 10, the 31st span of the Padma Bridge was laid. Spans were placed at piers No. 25 and 26 of the bridge at Jajira end of Shariatpur.
• The 32nd span of the Padma Bridge was laid on 11 October. Although it was not possible to install the span on the first day due to strong currents in the Padma, the span was installed on the 4th and 5th pillars of the bridge at Mawa end of Munshiganj on the second day due to the efforts of the engineers. The span was set up four months later due to floods and strong currents in the Padma River.
• The 33rd span of the bridge was laid on 20 October.
• On October 25, the 34th span was installed at Span 2-A on Pillars 6 and 7 at the Mawa end of the bridge.
• On 31st October, the 35th span was placed in the span 2-B on the 8th and 9th pillars at the end of Mawa.
• On November 6, the 36th span of the Padma Bridge was laid on the 2nd and 3rd pillars of the Mawa side of the bridge.
• On 13 November, the 37th span ‘2-C’ was placed on the 9th and 10th pillars at the Mawa end of Munshiganj.
• On 21st November, the 38th span was successfully placed on the 1st and 2nd poles of Mawa side of Munshiganj.
• The installation of the 39th span was completed on 27 November. The span is placed on the 10th and 11th pillars of the Mawa side of Munshiganj.
• On December 4, the 40th span of the Padma Bridge was installed and 6,000 meters of the bridge became visible.
• On December 10, the entire Padma Bridge became visible by placing the 41st span on the 12th and 13th pillars of the Padma Bridge.

Year 2021:

• The last road slab was laid on 23rd August.

 

Year 2022:

• From June 4 to June 10, the test of 415 lights of the bridge was completed step by step. On June 14, all the lights were lit at once. Sheikh Hasina will inaugurate the bridge on June 25.

Economic importance:

The Mawa-Jajira point of the Padma Multipurpose Bridge connects the south-western part with the center of Bangladesh through a specific route. This bridge will significantly contribute to the social, economic and industrial development of the relatively underdeveloped region. The project will directly benefit more than 30 million people in an area of ​​about 44,000 sq km (17,000 sq mile) or 29% of the total area of ​​Bangladesh. As a result, the project is being considered as a very important infrastructure for the country's transport network and regional economic development. The bridge will have future rail, gas, power lines and fiber optic cable expansion. If this bridge is built, the GDP of Bangladesh will increase up to 1.2 percent.

Thanks,

 

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Bangladesh-India Maitree Express Train will be re-launched on 29 May

The Maitree Express between Dhaka and Kolkata and the Bondhan Express between Kolkata and Khulna will be re-launched on 29 May 2022.

 

Maitree Express will start its journey from Dhaka. Bondhan Express will start its journey from Kolkata.

 

The Indian High Commission in Dhaka said this on Friday (May 19). The notice was published on the official website of Indian High Commission in Bangladesh.

The Mitali Express between New Jalpaiguri and Dhaka will start from New Jalpaiguri on June 1 after the virtual launch of the Railway Ministers of India and Bangladesh.

 

Passenger train communication between Bangladesh and India was closed for the last two years due to Covid-19 epidemic.

 

Thanks,

 

 

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A New Mymensingh City Beside Brahmaputra River

For more than two decades, the Brahmaputra River has been the lifeblood of Mymensingh. The river that made waves after waves is now silent. There are dead canal somewhere. Experts have come to think about the turbulent state of the turbulent river. But all the plans flew in the sky like a fairy of imagination, did not even show the desire to touch the ground.

However, due to the will of the Prime Minister Sheikh Hasina, neglect of the River has end. The river caught her eye. And now the oldest Mymensingh is changing around this river. After the declaration of Mymensingh as a division on 13 October 2015, various master plans were taken around the Brahmaputra River. The initiative was taken at the divisional headquarters on the other side of the river. When the municipality was transformed into a city corporation in October 2018, some new wards of the Char area were also included.

Today's Mymensingh is being built along the banks of the Brahmaputra, which runs through the heart of the city. An extended part of the city will be built on the other side. The people of Mymensingh will see a beautiful new city with latest facilities. The combination of old and new will unite this Mymensingh city with three bridges. 

In a meeting of the Executive Committee of the National Economic Council (ECNEC) in last year approved the construction of a bridge at a cost of about Tk 3,500 crore, which will be built in the Kewatkhali area of ​​the city. The 1,100-meter arched four-lane bridge will be modeled on Australia's Sydney Harbor Bridge, the first in the country's history. When the construction of the bridge is completed in June 2025, the communication facilities of Mymensingh with Netrokona, Sherpur and Kishoreganj districts will increase. Besides, trade between Nakugaon and Haluaghat land ports with the capital Dhaka will increase. There are also plans to build two more bridges through Ghagdahar and Kacharighat-adjacent Zero Point areas.

On the other hand, the Ministry of Public Administration has given administrative approval to set up the much awaited divisional headquarters on 945.219 acres of land on the other side of the river. The Divisional Land Commissioner hoped that the DPP and TAPP of the headquarters would be finalized and sent to the project ministry in the shortest possible time.

The Divisional Commissioner said that Prime Minister Sheikh Hasina has directed for proper compensation and dignified rehabilitation of the people of the acquired area. The present government has issued a notification to triple the value of the acquired land. So the victims will get a lot of land. 25 acres of land has been set aside for the affected people in the acquired area. They will be rehabilitated there. The rehabilitation process will start first.

Earlier, Prime Minister Sheikh Hasina had given various instructions in a meeting at her office on September 17, 2016 to set up the Mymensingh divisional headquarters. Mymensingh is the twelfth city corporation of the country. From 21.73 sq km, the city is now 90.17 sq km. In 2020, the ECNEC was sanctioned Tk 1,575 crore to make this city a modern city. The newly expanded 68.44 sq km area has not seen any development. The City Corporation is spending the money on overall development including road development, expansion of drainage system, over bridges, footpaths etc.

With a population of over eight lakhs, this city is slowly being transformed into the smart city, which is now very much visible. Gauripur and Ishwarganj upazilas situated on the other side of the Brahmaputra River. The district administration has proposed to make an economic zone within Mymensingh city and those two upazilas. This was stated by Aminul Haque Shamim, President, Mymensingh Chamber of Commerce and Industry. He said there are plans to set up economic zones on 500 acres of land. If it is implemented, timely decision will be taken.

Mentioning the reason for this, he said that excavation work has been started to restore the navigability of the river. 30 percent of the work has been completed. With the return of full navigability, the communication of goods in the designated economic zone with the port will be easier as well as financially viable. Employment will be directly to two lakh people.

However, towards the end of 2011, there was a touch of development in Mymensingh. The four-lane road from Joydebpur crossroads in Gazipur to Mymensingh in an 88 km stretch changed the landscape of Mymensingh. The highway is about 63 feet wide. The width is even greater next to markets and business centers. The road was officially inaugurated in July 2016 at a cost of BDT 1,800 crore. And with the help of such communication system, Bhaluka and Trishal are now upazilas of heavy industrial area.

Soon the Mymensingh will be one of the most beautiful cities in the country.

Thanks,

 

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Mega Projects in Sylhet | Ongoing Development

Development work is going on all over the Sylhet division. Efforts are being made to change Sylhet by implementing some mega projects. Several projects are implementing with the efforts of the local people's representatives to build a better enlightened Sylhet. Some projects have already been completed. Some are under implementation and some are waiting to start. The peoples think that the whole Sylhet division will change if the ongoing and pending projects are implemented.

 

Mega projects in Sylhet:

Mega projects undertaken for the development of Sylhet region include Sylhet Medical University, Sylhet Cricket Stadium-2 (Divisional Outer Stadium), Expansion and Modernization of Osmani International Airport, Bangabandhu Sheikh Mujib Hitech Park, Sylhet-Dhaka Six Lane Highway, Sylhet-Tamabil Four Lane Highway, Sylhet Marine Academy, Sheikh Russell Textile Engineering College, Sylhet Textile Institute, Digital City Project, Excavation and Bank Conservation of 114 Rivers, Bangabandhu Multipurpose Complex, New BSIC Industrial City, Road and Drain Expansion, Beautification and Modernization projects.

Initiatives were taken to set up new medical universities to enhance the quality of higher education, research and services and to expand and develop existing facilities. Sylhet Medical University was established for this purpose. It is the fourth government medical university in the country. The process of acquiring 83 acres of land in South Surma for a permanent campus has started. Another mega project in the field of education 'Sylhet Marine Academy' has already been implemented. The academy has been set up on a 10-acre land on the banks of the Chenger canal in Badaghat area of ​​Hatkhola union in Sylhet Sadar upazila at a cost of Taka 107 crore. On May 6, 2021, Prime Minister Sheikh Hasina inaugurated the academy.

Besides, Sheikh Russell Textile Engineering College and Sylhet Textile Institute are being constructed on 10 acres of land in Tayab Sultan Mouza of Kuchai Union in South Surma for the development of technical education in Sylhet at the initiative of the Ministry of Textiles and Jute. On 1st November, 2018, Prime Minister Sheikh Hasina laid the foundation stone of these projects. The cost of the two projects has been estimated at around Tk 210 crore. Of these, Sheikh Russell Textile Engineering College is being built on 5 acres of land at a cost of Tk 110.36 crore and Sylhet Textile Institute is being built on 5 acres of land at a cost of Tk 95.65 crore.

The communication system is going to be the most developed during the tenure of the present government. Development projects have been taken in parallel by road, air, rail and waterways. The Sylhet-Dhaka six lane highway project is finally going to start after overcoming many complications. The Asian Development Bank (ADB) has already approved a loan of over Tk 15,000 crore for the project. The total cost of the project has been estimated at more than Tk 17,000 crore. The project was approved by the ECNEC in February this year. If the highway is upgraded to six lanes, the economy here will change. Industry and tourism will get new momentum.

The Dhaka - Sylhet six lane highway is expected to open new horizons of trade potential with the northeastern states of India. In addition to this highway, the four lane upgrade project of Sylhet - Tamabil highway has already been approved by ECNEC. It will be financed by the Asia Infrastructure Investment Bank (AIIB). Out of the proposed cost of Tk 3,586 crore, Tk 615.48 crore will be spent from the government's own funds and Tk 2,970.55 crore from AIIB loans. If this highway is upgraded to four lanes, import and export with India through Tamabil land port will increase. At the same time, the tourism sector in Sylhet will also see a huge improvement.

Initiatives have been taken to convert the meter-gauge railway in Sylhet-Akhaura section to dual-gauge with the long efforts of Foreign Minister AK Abdul Momen in railway development. If the project is implemented, the rail communication system with Sylhet-Dhaka and Sylhet-Chittagong will be greatly improved. Travel time will also decrease. Mega projects have been taken up for the development of roads and railways as well as waterways. The foreign minister had sent a proposal to the shipping minister to dig 114 numbers of small and big rivers in Sylhet division to increase the use of waterways and control floods. The Ministry of Shipping has taken initiative to rescue, excavate and conserve the river.

Mega project has been taken to upgrade Sylhet Osmani International Airport to a full-fledged international airport. Two projects have been taken for the development of the airport at a cost of Tk 2,568 crore. Of this, the runway is being upgraded at a cost of Tk 452 crore. The work of this project is almost at the last stage. Besides, a full-fledged international terminal with modern facilities is being constructed at a cost of BDT 2,116 crore. New cargo houses have been constructed and scanners have been installed at the airport. The project includes modern ATC towers, taxiways and aprons, modern fire stations, new boarding bridges, baggage handling systems, flight information display systems and other state-of-the-art terminal building related equipment. If the Tk 2,500 crore project is implemented, Osmani Airport will be used as a hub for air communication.

Several big projects have also been taken up in Sylhet to increase industrialization and employment. Among them, 'Bangabandhu Sheikh Mujib Hi-Tech Park' is being implemented in the colorful area of ​​Companiganj in Sylhet. The construction of ICT Park is progressing fast. Meanwhile, the work of filling up the project, flood control dam, visual bridge, installation of internal roads and lights, construction of electrical substation, project site office, administrative building, ICT Business Center, Sheikh Kamal IT Training Institute is nearing completion. Though construction of 'Bangabandhu Sheikh Mujib Hi-Tech Park' has started on 175 acres of land, a proposal has already been sent to the ministry to acquire more 85 acres of land as the demand of entrepreneurs and investors is increasing day by day.

Bangladesh Small and Cottage Industries Corporation (BSIC) have taken initiative to set up another new industrial city in Sylhet for the development of small scale industries. It will be the third industrial park in Sylhet. A project has been taken to set up this industrial park on 500 acres of land. BSCIC Sylhet Office said priority would be given to agro-machinery, chemicals, food processing, pharmaceuticals, jute and jute products, leather processing products, handicrafts, plastics and women entrepreneurs in the eco-friendly industrial park. Priority will also be given to light engineering institutes.

Another new government hospital is being built in Sylhet to develop the health sector. Construction of a new 250-bed Sylhet District Hospital at Chauhatta in the metropolis is in full swing. During the tenure of the present government, huge development has been achieved in the stadium of Sylhet. Another new stadium has been built next to the Sylhet International Cricket Stadium at a cost of around BDT 25 crore. Known as Sylhet International Cricket Stadium Ground-2, the stadium was officially inaugurated about six months ago. The ICC had been asked to approve the recognition as an international venue. Built on about 3 acres of land, the stadium has been turned into a full-fledged sports complex.

The economy of Sylhet is the fourth largest in the Peoples Republic of Bangladesh. In recent years, Sylhet is experiencing major infrastructural developments, and projected to be the forefront of Bangladesh's economic growth.

 

Thanks,

 

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Real Estate Companies in Bangladesh are Rising

During the COVID-19 Corona virus period, buyers in the housing and real estate industry of Bangladesh are increasing. Entrepreneurs in the sector saying that the demand for buyers has increased so much in recent times that top class Real Estate companies in Bangladesh do not have unsold flats. Companies that had stopped building construction work for so long have now come forward and resumed their construction.

Demand from buyers is on the rise as the government provides undisclosed investment facilities in the housing sector. Currently, the highest demand for Apartment / Flats in Bangladesh is among government employees. Some investors demand land and plots. In such a situation, the concerned companies have demanded to reduce the interest and registration cost of loans in the housing sector to 7 percent. The real estate sector in Bangladesh is now a lucrative investment destination for buyers and investors. The registration cost of buying flats and plots is now 10 percent and it comes with single digit or one digit interest loan.

In this regard, Real Estate and Housing Association of Bangladesh-REHAB President Alamgir Shamsul Alamin Kajal said that the real estate companies in Bangladesh are now getting good response from buyers. The situation is such that even good companies are not able to sell flats to the buyers. Buyers are growing every day in recent times. Interest in buying flats and plots is increasing among them. As a result, many companies are taking up new projects to build flats inside Dhaka, Chattogram and other cities across the country.

The undisclosed income is also being invested in the housing sector. Owners of companies are demands the interest rate on bank loans and registration cost of flats and plots should be reduced to 7 percent. Some banks are now keen to lend. Some banks are giving loans at 7 percent interest rate. The recovery in the housing sector is also boosting the overall economy.

Business in the housing industry is coming back. Buyers respond more than ever. This is due to two reasons- one is that money laundering has decreased during the Corona period. Another is the government's undisclosed investments facilities for two consecutive financial years. All in all, the real estate company in Bangladesh is now in a good position.

JCX Developments Limited is a state-of-the-art flat builder in the country's elite Bashundhara residential area inside Dhaka city. Iqbal Hossain Chowdhury, the managing director of the company and director of FBCCI, a top organization of businessmen, told that there has been a lot of demand from buyers for good quality flats in recent times. This demand has been created mainly due to undisclosed money investment facilities. As a result, there is a huge interest of buyers for flats in Bashundhara R/A.

Investors have lots of interest for both ready and used flats in Dhaka city. Some searching keyword in Google are: Used flat sale in dhaka, Low price flat in dhaka, Flat sale in dhanmondi, Studio apartment in dhaka, Used flat sale in mirpur, Ready flat for sale in mohammadpur dhaka, Ready flat sale in dhaka, Flat for sale in dhaka uttara, Flat sale in banasree, Dhaka housing adabor etc.

In the national budget for the fiscal year 2020-2021, the legal directive to allow higher revenue and economic activity in the private sector said that no matter what is in the country's customary law, no one can raise any question about the investment of undisclosed money. To take such an opportunity, taxpayers have to invest undisclosed money in land, flats, buildings and apartments, banks, savings certificates, stock exchanges, bonds or any other such securities. To avail this facility, income tax at the rate of 10 percent has to be paid. Investing in undisclosed funds will reduce money laundering and tax evasion. The move is expected to boost mainstream economy, employment and revenue growth. This facility will be continued in the new fiscal year 2021-22 as well as provision has been made to impose penalty at the rate of 5 per cent on other undisclosed funds. 

According to the concerned, the annual market of the real estate companies in Bangladesh / housing sector in the country is now around Tk 60,000 crore. The annual growth in this sector is 15-17 percent. The annual demand is 1 lac 20 thousand flats. Overseas income / Remittance and undisclosed money owners buy more real estate properties. Expatriate income of Bangladesh did not decrease during COVID-19 period. Besides, there is an opportunity to invest undisclosed money by buying land or flats. As a result, trade in this sector has increased a lot. The catastrophic disaster that hit 458 sub-sectors of the housing industry in Corona is now a beacon of hope. Around BDT 2 lac Crore have invested in more than 2,000 industries in this period.

 

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