Five EIPP NSEZ PCPs: Analysis of Project Cooperation Proposals

This article reviews five PCPs (Project Cooperation Proposals) prepared for the EIPP NSEZ (National Special Economic Zone) initiative. Covering infrastructure, energy, ICT, logistics, and environmental services, the proposals outline concrete project scopes and participation pathways for Korean companies seeking to enter Bangladesh through strategic cooperation projects.

PCPs

Sector-based proposals

$3B+

Total Scale

Combined estimate

15+

Korean Firms

Expected participants

5-10 yrs

Timeline

Varies by PCP

EDCF+PPP

Financing

Blended structure

All 5

BEZA Approval

Confirmed for implementation

PCP 1: Infrastructure Development

The first PCP focuses on core infrastructure development for Mirsharai NSEZ, including roads, water and wastewater systems, power supply, and telecommunications. Korean construction and engineering firms are expected to participate in design, construction, and supervision, with EDCF financing positioned as the main funding instrument.

Overview of the Five PCPs

PCP	Sector	Scale	Korean Role	Financing
PCP-1	Infrastructure	$1.0B	Design, construction, supervision	EDCF
PCP-2	Energy	$0.8B	Power generation and transmission	EDCF+PPP
PCP-3	ICT	$0.5B	IoT, 5G, IOC	PPP
PCP-4	Logistics	$0.4B	Port and logistics center	PPP
PCP-5	Environment	$0.3B	Water treatment and waste management	EDCF

Detailed PCP Review

PCP-1 Infrastructure: Roads, Water, and Power

This project includes 40 km of road networks, a water supply system with daily capacity of 500,000 tons, two wastewater treatment plants, and three substations inside the economic zone. A Korean construction consortium is expected to deliver the EPC package. The EDCF financing scale is estimated at USD 1.0 billion.

PCP-2 Energy: Generation and Transmission

The proposal covers a dedicated 500 MW combined-cycle gas power plant, a 100 MW solar facility, and internal power distribution systems for the economic zone. Korean power and energy companies are expected to participate under an IPP structure.

PCP-3 ICT: Smart Infrastructure

This PCP includes a 5G network, IoT sensors, an integrated operations center, and a digital twin platform. Korean ICT firms would be responsible for design, deployment, and operation, with a 10-year O&M contract included in the package.

PCP-4 Logistics: Port and Logistics Center

The logistics proposal includes a dedicated Mirsharai jetty with two berths and an automated logistics center linked to the Chittagong area. Korean port and logistics companies are expected to join on a BOT basis.

Participation Models for Korean Companies

EPC Participation

Target PCPsPCP-1, PCP-5

MethodDesign, procurement, construction

FinancingEDCF loans

Duration3-5 years

PPP Investment

Target PCPsPCP-2, PCP-3, PCP-4

MethodBOT, BOO, IPP

FinancingPrivate capital

Duration20-30 years of operation

Review PCPs

Assess the five proposals in detail and match them against internal capabilities

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Express Interest

Submit an EOI to BEZA and KOTRA Dhaka

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Build Consortium

Form a Korean consortium and secure local partners

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Sign Contracts

Conclude an EPC contract or a PPP concession agreement

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Three Versions of the EIPP MOU TextA comparative review of intergovernmental agreement drafts

Five EIPP NSEZ PCPs: Analysis of Project Cooperation Proposals