The government has taken an initiative involving Tk 10,461 crore to set up a granular urea fertiliser factory at Ghorashal under Polash upazila in Narsingdi district with an annual production capacity of 9.24 lakh metric tonnes aiming to meet the country’s growing urea fertiliser demand.
The ‘Ghorashal Polash Urea Fertiliser Project’ is likely to be placed before the 9th ECNEC meeting of the current fiscal to be held tomorrow (Tuesday), said a senior official of Planning Commission. ECNEC Chairperson and Prime Minister Sheikh Hasina is scheduled to preside over the meeting at the NEC Conference Room in the capital’s Sher-e-Bangla Nagar area.
Bangladesh Chemical Industries Corporation (BCIC) under the Ministry of Industries will implement the project by June 2022, the official said. Out of the total estimated project cost of Tk 10,460.91 crore, Tk 1,844.19 crore will come from the government portion while the rest of Tk 8,616.72 crore from bidders financing.
The main objectives of the project include setting up a new granular urea fertilisaer factory at Polash adjacent to the existing Ghorashal Urea Fertiliser Factory Ltd and Polash Urea Fertiliser Factory Ltd with daily production capacity of 2,800 metric tonnes and annual production capacity of 9,24,000 metric tonnes.
The official said: “The new urea fertiliser factory will also aim for meeting the growing demand of fertiliser to ensure the country’s food security side by side ensuring smooth fertilizer supply to farmers at an affordable cost”.
