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DELAY IN CLEARING OUT ADAMJEE SITE

EPZ project hits a snag

JASIM UDDIN KHAN
Implementation of the Adamjee EPZ is getting delayed as the contractor has failed to remove machinery and other structures from the closed jute mill area by May 30, 2005 deadline.
Bepza (Bangladesh Export Processing Zones Authority) officials said textile and jute ministry has appointed an 'inefficient' contractor who has failed to clear the site by the deadline.
"More than a dozen foreign
investors have already signed
contracts with the government to establish industrial units in the
proposed Adamjee Export Processing Zone (Adamjee EPZ).
Now they are putting pressure on Bepza for quick handover of the plots. But we missed the deadline due to incompetence of the contractor," said an official of Bepza.
A senior official of the textile and jute ministry denied the allegation saying the contractor was appointed through open tender.
Meanwhile, the Bepza official said foreign firms are showing interest in establishing textile and apparel factories in the Adamjee EPZ.
The official also said a Canadian company -- Hy Lan Sweater International--is looking for more then 50 plots alone to establish a heavyweight industry.
Several other Japanese, Chinese and Taiwanese investors also submitted expression of interests to Bepza for setting up industrial units.
The officials expect around US$ 500 million investment after completion of the project.
A total of 200 industrial plots will be available on the 295-acre land.
In the first phase, 70 plots will be handed over to investors.
The Bepza is allocating plots on first-come-first-get basis setting a target to allocate all the plots to overseas firms.
"We want to make the project an exclusive one for foreign investors," a Bepza official said.