Deal #7536

Location #1

Spatial accuracy level
Exact location
Location
Sonagazi Upazila, Bangladesh

Latitude
22.87604769999999
Longitude
91.38551610000002
Facility name
Feni Economic Zone
Target country
Bangladesh
Location description
It is located in Sonagazi upazila, Feni district of Chittagong division.
Comment on location
10 km far from Sonagazi upazila, the main project work will be started.

Land area

Intended size (in ha)
4046.86
Size under contract (leased or purchased area, in ha)
[current] 2832.7994957
Comment on land area
Eventually the area of this zone will be extended up to 4046.8564224 ha.

Intention of investment

Intention of investment
Industry
Comment on intention of investment
Economic zone will be established for future development of Bangladesh.

Negotiation status

Negotiation status
[2018-09-25] Concluded (Contract signed)
Comment on negotiation status
In a letter, dated September 25, 2018, PMO gave its consent to allocate the land as per media( Financial Express)

Implementation status

Implementation status
Project not started
Comment on implementation status
The project is proposed and government gave its consent but not yet started.

Contract farming

Contract farming
No

Number of total jobs created

Jobs created (total)
Yes
Planned number of jobs (total)
1016906
Comment on jobs created (total)
Some 16,906 employment will be generated in the EZs by the investors. This will create employment for about 1 million people in the region.

Operating company

Operating company
Name of investment project
Feni Economic Zone
Comment on investment chain
BEZA is parent company who have the authority to allocate lands in the proposed zone. The companies interested in investmet are: Rural Power Company Limited, Energypac Power Generation Company, Summit Alliance Logistics Park Limited (SALPL), Maheen Dizayn Etiket, Arefin Enterprise, Sanzi Textile Mills Limited, Healthcare Pharmaceuticals Limited, Eonmetall International Limited, Bangladesh Edible Oil Limited (BEOL) and Berger Paints (BD) Limited. Of the land, some 40.468564224 ha will be allocated to SALPL, 40.468564224 ha to BEOL, and 12.140569267 ha to Berger Paints. The companies will invest for power generation, container manufacturing, container depot, textile, pharmaceuticals, steel rack, edible oil, foods and paints.

 

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Data source #1

Data source type
Government sources
File
Publication title
FENI ECONOMIC ZONE
Comment on data source
Government Website.

Data source #2

Data source type
Media report
File
Publication title
Ten cos to get 400 acres of land in Mirsarai, Feni EZs
Date
2018-10-05

Data source #3

Data source type
Government sources
File
Publication title
418e4-prospectus-for-beza-mirershorai-&-feni
Date
2017-11-21
Comment on data source
Government Report.

Data source #4

Data source type
Media report
File
Publication title
ফেনীতে ৮৬ হাজার কোটি টাকা ব্যয়ে চলছে অর্থনৈতিক অঞ্চলের কাজ
Date
2018-10-26

Promised or received compensation

Promised compensation (e.g. for damages or resettlements)
Basic social infrastructure is available in this region for unskilled and semi-skilled labour. 20 lakh trees will be planted to promote this economic zone in the green zone and enhance its beauty.
Received compensation (e.g. for damages or resettlements)
Basic social infrastructure is available in this region for unskilled and semi-skilled labour. 20 lakh trees will be planted to promote this economic zone in the green zone and enhance its beauty.

Promised benefits for local communities

Promised benefits for local communities
Roads
Capacity Building
Other

Materialized benefits for local communities

Materialized benefits for local communities
Roads
Capacity Building
Other

Former land owner (not by constitution)

Former land owner
Private (smallholders)
Comment on former land owner
Farmers, fisherman.

Former land use

Former land use
Smallholder agriculture
Pastoralism
Comment on former land use
Feni district is engaged in agriculture, fish rearing and animal husbandry.

Former land cover

Former land cover
Cropland
Pasture
Wetland
Comment on former land cover
Crop fields, fishing ponds and open fields for animal gathering.

Source of water extraction

Source of water extraction
Groundwater
Surface water (River)
Comment on source of water extraction
Feni river. Proposed EZ at Feni has access to a water front in Sandwip Channel, having a draft of around 3-4 meters, where berthing facilities can be developed for vessels carrying raw material for heavy industries and clinker for cement factories.

Voluntary Guidelines on the Responsible Governance of Tenure (VGGT)

Application of Voluntary Guidelines on the Responsible Governance of Tenure (VGGT)
No

Principles for Responsible Agricultural Investments (PRAI)

Application of Principles for Responsible Agricultural Investments (PRAI)
No

Overall comment

Overall comment
Feni EZ is spread over an area of 7,000 acres and it is located in Sonagazi upazila, Feni district of Chittagong division. Currently, major population of Feni district is engaged in agriculture, 􀃕sh rearing and animal husbandry. A signi􀃕cant population from Feni district also travel overseas in search of employment. As per Bureau of Manpower, Employment and Training, 24,068 people went overseas from Feni district in search of employment in 2017. This 􀃕gure is signi􀃕cantly higher than the national district wise average of 15,566. The industries in this district comprise cottage industry, bamboo and cane industry, textile industry, rice mill, jute mill etc. Key location attribute of the proposed EZ site is its location along the Dhaka-Chittagong industrial and transport corridor, Bangladesh’s most important highway Dhaka- Chittagong Highway (N1) passes in proximity to this site. According to an Asian Development Bank (ADB) study conducted in 2013, 90% of Bangladesh’s goods for export and import passes through this highway. Around 30,000 vehicles (highest among all road alignments in the country) pass through this road on a daily basis,which includes trucks carrying cargoes of apparels, light machinery, chemicals, steel roads, agricultural produce, processed food, cement etc. This strategic location will help industries in proposed EZ site, cater to the consumer market in Dhaka and form upstream and downstream linkages with industries along Dhaka-Chittagong Highway. Industries in proposed EZ will also have an access to markets and industries in North East India due to its close proximity to the Indian state of Tripura.

Jan. 27, 2020, 8:41 a.m.

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