BB urges pvt sector to invest more in infrastructure development

Bangladesh Bank (BB) governor Dr Atiur Rahman urged the private sector entrepreneurs Thursday to invest more money in the infrastructure development for boosting the country's economic growth.

He also emphasised on easing the process of public-private partnership (PPP) to get more private sector investment.

"Government should provide all-out support to the private sector investors to boost the economic growth," the BB governor said this at the signing of a memorandum of understanding (MoU) between the central bank and Sigma Engineers Limited (SEL) for constructing a water treatment plant at the Comilla Export Processing Zone (CEPZ). The signing ceremony was held at the BB auditorium in the city.

According to MoU, the SEL will be financed about Tk 81.76 million for constructing the plant under the Investment Promotion and Financing Facility (IPFF) project of the World Bank.

Officials said it is the second water treatment plant under the project and the first plant was set up at the Chittangong Export Processing Zone at a cost of Tk 100 million.

The BB governor said Bangladesh economy is stable amid various obstacles due to government support.

"To maintain the growth, the private sector investors should be facilitated and the BB is always ready to help the investors," he said.

Dr Rahman thanked the IPFF for financing such kind of project and expressed his hope to set up water treatment plant at all eight EPZs of the country.

He also urged the investors to be conscious about environmental issues whenever they take any project.  

"The BB is the only green bank of world. So, we are very careful to keep the environment as it is," he said.  

BB deputy governor Abul Kahsem, Abu Hena Md Razib Hasan, SK Sur Chowdhury, and Managing Director of NCC Bank Mohammed Nurul Amin were present at the ceremony, among others.