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Tk 3,324cr housing plan gets govt nod

Staff Correspondent
The government is going to construct 4,256 flats in the capital under a joint venture with private developers and will give 40 percent of those to its employees at a low price.
The flats will be built at Mohakhali and Mirpur at an estimated cost ofTk 3,324 crore.
The Executive Committee of National Economic Council (Ecnec) at a meeting yesterday approved eight projects involving Tk 4,281 crore, including the one for building flats. Chief Adviser Fakhruddin Ahmed chaired the meeting.
Government employees will buy 1,700 flats while the developers will sell the rest to private buyers at commercial rates. The project is the first such joint venture with the government providing the land and developers bearing construction cost of the flats.
Talking to reporters after the Ecnec meeting, Finance and
approved eight projects involving Tk 4,281 crore, including the one for building flats. Chief Adviser Fakhruddin Ahmed chaired the meeting.
Government employees will buy 1,700 flats while the developers will sell the rest to private buyers at commercial rates. The project is the first such joint venture with the government providing the land and developers bearing construction cost of the flats.
Talking to reporters after the Ecnec meeting, Finance and Planning Adviser Mirza Azizul Islam said government employees would pay the price of flats in instalments.
Cost of land for the project has been estimated at Tk 1,304 crore and construction cost at Tk2,020 crore.
Implementation of the project for constructing 38 buildings - all 17-storey -is likely begin in January next year and end in December 2011.
Public Works and Housing ministry sources said the project area will have all civic amenities including lake, swimming pool, health centre, shopping complex, schools, collegesand mosques.
Two of the eight projects okayed by the Ecnec yesterday include that for Promotion of Services and Opportunities to the Disabled Persons in Bangladesh at a cost of Tk 155 crore, and Services of Children at Risk at a cost of Tk 89 crore. Both the projects are donor-funded.
The other projects include Operational Capability Strengthening (2nd amended) Project involving Tk 257 crore, 33 KV linkage line (2nd amended) project for rural electrification sub-centre costing Tk 240 crore. Chancery complex construction (1st phase) in Riyadh, Saudi Arabia, costing Tk 35 crore, project for construction of chief judicial magistrate's court buildings at 64 district headquarters, project for construction of National Board of Revenue (NBR) Bhaban at a cost of Tk 141 crore and Strengthening of Bangladesh Public Administration Training Centre (Phase-111) project costing I k-10 crore.