Monday, February 29, 2016

Block 2 and 5 of Hi-tech park

Summit to kick off construciton of blocks 2 and 5 in High-Tech Park today

The much awaited Hi-tech park will see construction finally in progress as of Feb 28, with block 2 and 5. The 232 acre Hi-tech park will house 65 acres for block 2 and 29 for block 5, which Summit Technopolis will take to construction under the Public Private Partnership. The deal with Bangladesh Hi0tech park authority will witness collaboration on park design, build, finance, operate, own and transfer. Summit will be cashing in USD $207.59 million for the construction of block 2.

Technocity, investing USD $25 million already started construction of block 3 in October 2015.

Hi-Tech Park to be ready by 2017
The park which promises to create around 70,000 jobs and will have training capacity for 10,000 people is expected to be ready by January 2017. It further stipulates assurance of having the capacity to produce smart devices in Bangladesh, which are currently being imported entirely. A primary destination for manufacturing for ITs, biotech companies and pollution-free assembly lines, block 2 will be a signature building themed "A symbiosis of nature, technology and culture". It will feature plug and play office spaces for IT, customisable manufacturing units, conference spaces, food and recreational centers. This is in addition to many other green technologies of the structure.

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