Economic Reporter :
Claiming the government has already enhanced the capacity of Mongla Sea Port, Planning Minister M A Mannan, on Monday urged the business community to use the port efficiently.
He also said the government is more focused to implement the ADP in an efficient manner and urged the business community to work with the government hand in hand.
The planning minister made call during a meeting with the leaders of Dhaka Chamber of Commerce & Industry (DCCI) at the ministry.
Mannan invited the private sector entrepreneurs to invest in large infrastructure projects under PPP model to popularize the model.
Bangla Bond has been floated in the London Stock Exchange which is encouraging to mitigate for long term financing gap opening up opportunities both for the local and foreign investors, he said.
Bond can help large infra projects to get its adequate funding as an alternative source of traditional banking sector, the minister opined.
Shams Mahmud, President of Dhaka Chamber of Commerce & Industry (DCCI), said as per the Global Infrastructure Hub report, Bangladesh needs to invest $608 billion till 2040 in water, energy, telecom, port, airport, rail and road infrastructure.
“So, the country needs alternative funding sources to secure infrastructure development and reduce dependence on public fund, development partners and banking sector,” he said.
He further said development of bond market can be a sustainable solution for infrastructure development and reducing long-term financing need.
For long-term energy security and fuel accelerated economic growth, he urged for diverse fuel mix and local coal exploration to ensure next 50 years’ need.
He also requested to include investment for skill development, blue economy, investment in innovation and research for climate change, sustainable urbanization, 4IR technology adoption and investment and financing sources for large infrastructure development in the 8th Five Year Plan.
DCCI Senior Vice President N K A Mobin, Vice President Mohammad Bashiruddin, Directors Waqar Ahmad Choudhury, Arman Haque, Deen Mohammad, Enamul Haque Patwary, Engr Md Al Amin, Md Shahid Hossain, Md Zia Uddin, Monowar Hossain, Nuher L Khan and SM Zillur Rahman were also present during the meeting.
Claiming the government has already enhanced the capacity of Mongla Sea Port, Planning Minister M A Mannan, on Monday urged the business community to use the port efficiently.
He also said the government is more focused to implement the ADP in an efficient manner and urged the business community to work with the government hand in hand.
The planning minister made call during a meeting with the leaders of Dhaka Chamber of Commerce & Industry (DCCI) at the ministry.
Mannan invited the private sector entrepreneurs to invest in large infrastructure projects under PPP model to popularize the model.
Bangla Bond has been floated in the London Stock Exchange which is encouraging to mitigate for long term financing gap opening up opportunities both for the local and foreign investors, he said.
Bond can help large infra projects to get its adequate funding as an alternative source of traditional banking sector, the minister opined.
Shams Mahmud, President of Dhaka Chamber of Commerce & Industry (DCCI), said as per the Global Infrastructure Hub report, Bangladesh needs to invest $608 billion till 2040 in water, energy, telecom, port, airport, rail and road infrastructure.
“So, the country needs alternative funding sources to secure infrastructure development and reduce dependence on public fund, development partners and banking sector,” he said.
He further said development of bond market can be a sustainable solution for infrastructure development and reducing long-term financing need.
For long-term energy security and fuel accelerated economic growth, he urged for diverse fuel mix and local coal exploration to ensure next 50 years’ need.
He also requested to include investment for skill development, blue economy, investment in innovation and research for climate change, sustainable urbanization, 4IR technology adoption and investment and financing sources for large infrastructure development in the 8th Five Year Plan.
DCCI Senior Vice President N K A Mobin, Vice President Mohammad Bashiruddin, Directors Waqar Ahmad Choudhury, Arman Haque, Deen Mohammad, Enamul Haque Patwary, Engr Md Al Amin, Md Shahid Hossain, Md Zia Uddin, Monowar Hossain, Nuher L Khan and SM Zillur Rahman were also present during the meeting.
