The Executive Committee of the National Economic Council or ECNEC cleared a project to acquire 491 acres of land for the economic zone in March last year.
After Japan sought more land, the ECNEC passed a revised proposal approving another 500 acres of land for the economic zone on Tuesday.
Now the estimated cost of the revised land acquisition project is around Tk 32 billion, according to Planning Minister AHM Mustafa Kamal.
The ECNEC approved a total of 11 projects at an estimated cost of around Tk 64.5 billion on Tuesday.
The other projects included dredging of the Padma River and saving its left bank in Dhaka’s Dohar Upazila at an estimated cost of around Tk 15 billion.
Source:https://bdnews24.com/economy/2018/08/07/govt-clears-500-acres-of-more-land-for-japan-at-araihazar-economic-zone