Bashundhara gets 500 acres of land at MEZ

Bangladesh Economic Zones Authority (BEZA) has allocated 500 acres of land to Bashundhara Group for setting up an exclusive Bashundhara Industrial Economic Zone (BIEZ) at the Mirsarai Economic Zone (MEZ).
BEZA Executive member (investment and development) Md Harunur Rashid and BIEZ Managing Director Safwan Sobhan signed a land lease agreement at a ceremony held at BEZA's office in the city on Monday, according to a press release.
BEZA Executive Chairman Paban Chowdhury, Abdul Momen Group Vice-Chairman Mainuddin Momen, Bashundhara Group CEO Md Fakhruddin, were present at the agreement signing ceremony among others.
Bashundhara Group will set up a modern pulp, paper and board mill at a cost of US$500 million which is expected to create jobs for 10,000 people.
The size of the MEZ is 30,000 acres and BEZA has already acquired 16,000 acres of land to develop the MEZ.
Development of a 50-km-long four-lane road inside the zone, nine gates, the 40-km Dhaka-Chittagong highway and an 18-km-long mountain road is going on inside and near the MEZ.