State-owned Chinese firm Orient International (Holding) Co Ltd will make an investment of around US$1.2 billion for the construction of Baushia Garment Park on the Dhaka-Chittagong highway in the Munshigonj district for relocation of garment factories from within and around the capital. The project cost will cover land development including payment of land value to owners and build the garment park with all its infrastructure and utility services ready for factories to move in.
The Chinese firm will bear the entire cost of the project. The garment park will be located over 490 acres of land. The government will acquire the land while the Chinese firm will pay the cost of acquisition, estimated at around Tk 8.0 billion as per initial estimate. The developer firm will take three to four years to complete the construction of the park and later recover its investment by selling plots or renting its space to users and such other services. They are investing on the firm commitment to recover the cost with profits before handing over its ownership to Bangladesh government.