Development of Five Star Hotel at Zakir Hossen Road in Chittagong |
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Details |
Project Name: |
Development of Five Star Hotel at Zakir Hossen Road in Chittagong |
Sector: |
Tourism |
Department/Ministry: |
Ministry of Railway |
Implementing Agency: |
Bangladesh Railway |
Location: |
Chittagong |
Estimated Capital Cost: |
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< $6m
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$6-30m |
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$30-80m |
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$80-200m |
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$200-500m |
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> $500m |
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Approval: |
Cabinet Committee on Economic Affairs approved the project on 14 November 2013. |
Background: |
Chittagong is the second largest commercial hub of the country with significant and vibrant economic activities. Being the only effective port city, Chittagong accounts for most of the local and international trading activities of the country. Chittagong is also the center point for major tourism destinations of Bangladesh. Considering the increasing trend of commercial, tourism and entertainment activities, a number of commercial hotel and other accommodation facilities have been developed in last few years in Chittagong. There are 4-5 good standard hotels in Chittagong city, however most of these have very high occupancy rate and none of these offer 5 star standard hotel facilities.
To cater or the needs of this vibrant and growing city, BR has decided to establish a 5-star hotel in its unused land at Zakir Hossen Road at Chittagong. Considering the fund constraints, BR has proposed the project to be implemented on a PPP basis.
The project has been planned to be established as a 5-star standard hotel with particular focus on environment friendliness. BR has earmarked an area of 4.14 acres of vacant land for this purpose at Zakir Hossen Road, in Khulshi area which is one of the most commercially vibrant area in Chittagong.
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Objective: |
The objectives of this project are:
1. To provide an international standard 5-star standard hotel facility for the commercial and tourism travelers visiting Chittagong.
2. To increase revenue earning potential of Bangladesh Railway.
3. To ensure more efficient utilization of Bangladesh Railway assets.
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Project Scope: |
Construction of a 5 Star standard Hotel facility
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Timing (tentative): |
Development Period: 2014 - 2015
Procurement Period: 2015 - 2016 |
Transaction Advisor: |
Feedback Infra Private Limited |
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Status: |
Procurement Stage
(Bidding Phase). |
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Contact: |
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Director (Investment Promotion)
Phone: +88 02 55007420
E-mail: |
Public Private Partnership Authority
Plot: E, 13-B, 1st Floor, Sherebangla Nagar
Agargaon, Dhaka-1207
Bangladesh.
Phone: +88 02 55007421 |
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(Last updated 1 September 2020; subject to further revision.)
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