Deal #7548

Location #1

Spatial accuracy level
Exact location
Location
Dhalghata, Bangladesh

Latitude
21.6652156
Longitude
91.87635239999997
Facility name
Maheshkhali Economic Zone
Target country
Bangladesh
Location description
Maheshkhali Economic Zone (Dalghata) located besides the Bay of Bengal and Matarbari Coal based power plant.

Land area

Size under contract (leased or purchased area, in ha)
[current] 1416.4
Size in operation (production, in ha)
[current] 206.38967754

Intention of investment

Intention of investment
Industry
Comment on intention of investment
Economic Zone.

Negotiation status

Negotiation status
Concluded (Contract signed)

Implementation status

Implementation status
In operation (production)

Contract farming

Contract farming
No

Number of total jobs created

Jobs created (total)
Yes
Planned number of jobs (total)
12500
Planned employees (total)
12500
Comment on jobs created (total)
The project once fully developed will create 2,500 jobs directly, said by SPPL MD. BEZA chairman said, “ With the help of BEZA, SPPL have decided to use “State of Art Machineries” to complete the project where 10000 employments will be created directly / indirectly.

Operating company

Operating company
Name of investment project
Maheshkhali Economic Zone

 

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Data source #1

Data source type
Government sources
File
Publication title
MOHESHKHALI ECONOMIC ZONE (DHALGHATA)
Comment on data source
Government website.

Data source #2

Data source type
Media report
File
Publication title
BEZA, SPCL sign deal to build LPG terminal
Date
2018-04-23

Data source #3

Data source type
Media report
File
Publication title
$2.5b investment round the corner
Date
2018-04-22

Data source #4

Data source type
Media report
File
Publication title
মহেশখালী অর্থনৈতিক জোনে ৩০০ একর জমি বরাদ্দ
Date
2017-09-10
Comment on data source
Online newspaper.

Data source #5

Data source type
Media report
File
Publication title
মহেশখালীতে উন্নয়নের মহাযজ্ঞ
Date
2019-07-16

Negative impacts for local communities

Negative impacts for local communities
Socio-economic
Comment on negative impacts for local communities
It affected the salt farms of the local community

Former land owner (not by constitution)

Former land owner
Private (smallholders)
Comment on former land owner
Majorly, salt producers. In general for the whole maheshkhali.

Former land use

Former land use
Smallholder agriculture
Other
Comment on former land use
Is majorly used for salt production. Produces half of the total countries salt demand.

Former land cover

Former land cover
Other land (e.g. developed land – specify in comment field)
Comment on former land cover
Land of salt production.

Overall comment

Overall comment
Maheshkhali Economic Zone (Dalghata) located besides the Bay of Bengal and Matarbari Coal based power plant. It is implemented to build a petrochemical production base and a large LPG terminal nearest to the sea. The project—which will produce a lot of raw materials for plastic goods—will also encourage many small and medium enterprises to invest in the plastic sector, SPPL MD said. Local investors will be able to use raw materials to set up LPG-based or dual fuel power plants, he said. The projects will add $600 million to the country's GDP, while increasing the government's revenue by $200 million. These project will save approximately $40 billion. 4 lane roads, rail track etc will be established in an estimated 8000 acre land within this zone. The development will be great but its impact to the locals are not fruitful.

Jan. 29, 2020, 3:25 a.m.

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