CCC to set up 500 MW power plant, 12km elevated expressway

http://www.thefinancialexpress-bd.com/more.php?news_id=94142

CCC to set up 500 MW power plant, 12km elevated expressway

CHITTAGONG, Mar 5 (BSS): Chittagong City Corporation (CCC) is going to set up 500 MW power plant at Raipur area under Anowara Upazila and construct a 12.5 km elevated expressway in the port city at a cost of Tk 51.50 billion.

Engineering department of the CCC sources said the 500 MW coal based power plant would be set up at Raipur area, south side of the river Karnaphuli in the city on Build Operate and Transfer (BOT) system at a cost of Tk 36.50 billion while 12.5 kilometre long elevated expressway would be constructed from city’s Dewanhat to Chittagong Shah Amanat International Airport (CSAIA) at a cost of Tk 15 billion.

The CCC has already acquired 20 acres of land and completed other survey of the power plant project. CCC source said after approval by the LGRD ministry, the proposed project has already been sent to the Planning Commission for vetting.

The Planning Commission (PC) asked CCC to amend a few articles of the project profile within March 15 next. With necessary amendment the project profile is likely to be sent to the PC for approval within May next.

If the proposed power plant is completed, the people of Chittagong would get rid of load shedding side by side the city dwellers would be relieved of the exhausted traffic congestion at Agrabad commercial area after construction of 12.5 km long Dewanhat to Airport Expressway, the source added.

Sources said the development works of the said two projects were expected to begin by July-August this year and be completed in next three and a half years.

Foreign investors showed their eagerness to invest for operating the projects for 25 years, CCC would also earn a portion of profit from the project, CCC Planning department sources said.

The investors would hand over the projects to the CCC after 25 years of their operation, the source added.

It said the government would provide security bond to the investors for their investment in the projects.

A senior engineer of the CCC said the investors from Malaysia, China and Singapore had already expressed their interests to invest and implement the projects.