Saturday, May 26, 2018 | ePaper

First housing project under PPP in Mirpur

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UNB, Dhaka :
Government is going to implement a housing project under public private partnership (PPP) on a five-acre of land in the city's Mirpur area.
According to an official document of the Housing and Public Works Ministry, obtained by UNB, this will be the first PPP project in housing sector to be implemented by the National Housing Authority (NHA) as a pilot project. Sources said the NHA has moved to implement such project under PPP taking 5 acres of land from a total 165 acres allocated by the government in Mirpur area for housing projects. Receiving an initial approval of the Cabinet Committee on Economic Affairs about the PPP project idea in 2010, the NHA first conducted a detailed feasibility study by a consultant to get an idea about the total useful space of the project.
The study found that the 5 acres of land can create a total of 1.4 million square feet of space for the project where residential space
will be 1.2 million sq ft and commercial space will be 0.2 million sq ft, said the sources. The sources mentioned that it was decided that once the project is implemented the NHA will be the owner of total 220,000 sq ft while the ownership of the remaining 1.18 million sq ft will go to the private partner of the project who will bear the whole implementation cost including its construction. Of the NAH's 220,000 sq ft space, 30,000 will be allocated among the middle income group (MIG), 270,000 sq ft for lower income group (LIG) and remaining 20,000 sq ft for the commercial buyers of the space.

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