Twelve Chinese companies have proposed investments worth US$9.21 billion in Bangladesh across energy, infrastructure, manufacturing, logistics, education and environmental sectors after their executives met Prime Minister Tarique Rahman in Beijing on June 25.
Bangladesh Investment Development Authority (BIDA) Executive Chairman Chowdhury Ashik Mahmud Bin Harun attended the meeting.
According to UNB reports, the proposals include US$4.5 billion by Sichuan Road & Bridge Group for the Dhaka-Chattogram Highway PPP project, US$1.65 billion by Zhongxin Environmental Protection Group for an e-waste recycling project, US$890 million by Shanghai SUS Environment Co. Ltd. for waste-to-energy plants and US$650 million by China Civil Engineering Construction Corporation (CCECC) to develop the Mongla Port Economic Zone, a project expected to create around 50,000 jobs.
The remaining proposals cover gas exploration, smart meter manufacturing, cold-chain logistics, recycled textile and lithium battery production, railway rolling stock assembly, vocational education and Chinese medicinal herb cultivation.
Speaking on Saturday, AshikChowdhury said political stability had been restored following the formal assumption of office by the newly elected government. He said Bangladesh's first five-year tax outlook had also been presented to Chinese investors to strengthen confidence in the country's investment climate.
