Monday, August 30, 2010

New Multi-billion dollar size projects starting in Bangladesh

A new International Hub-like Airport in Dhaka ( like Dubai, Singapore) is to be constructed in Trisal at $7billion in PPP model ( aiport builder brings the investment, govt gives the land ). It is to be named Bangabandhu International Airport and will have three run-ways. To manage Dhaka's traffic gridlock, a new elevated expressway from the new airport going all the way to Narayanganj via various Dhaka exits. Price tag about $2billion. Padma bridge, Kaliakoir IT park, Janata Tower IT Park (at Kawranbazar), road links to China and Myanmar from Chittagong sea-port, access to Mongla and Chittagong ports for India, Nepal, Bhutan, new deep sea port at Sonadia, Ruppur 2000 megawat Nuclear power plant near Ishwardi to be built by the Russians, Summit Power of Bangladesh and USA GE Power's investment relationship and the various power plant projects recently sanctioned to be done quickly are the important infrastructure projects in the country that can transform its economy like the East Asian high-growth countries, commonly referred to as Asian Tigers.

On top of that massive garment industry growth ( $10 billion annual export in 2009-2010) and mobile industry growth and Digital Bangladesh projects to deploy govt services via IT to masses at Upazila and even Union level is bound to have large positive economic impact.

There is tremendous interest among international infrastructure companies to win these various large minfrastructure projects in Bangladesh and many reputable world class companies are competing to win these multi-billion dollar size projects. So Bangladesh does not seem to have problem now attracting top global vendors and have them bring large size investments. Good news is that many of these vendors will be picking local Bangladeshi or NRB companies to do part of the projects and thus spread part of this large wealth among the local entreprenuers.

Large scale economic growth is taking place in B'desh despite the problems we are all aware of. Since the current AL led government is hell bent on solving power generation and traffic problem, China & India like 8% to 12% yearly economic growth may be in the cards in a couple of years when some of these projects start.

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