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PowerPac makes payment to Rajuk for ‘Iconic Tower’ land in Purbachal

UNB NEWS

Monday 30 July, 2018 11:30:52 pm

PowerPac makes payment to Rajuk for ‘Iconic Tower’ land in Purbachal

Dhaka, July 30 (UNB) - PowerPac Holdings Ltd has made its payment to Rajdhani Unnayan Kartipakkhya (Rajuk) for allotment of 100 acres of land at central business district (CBD) area in the sector 19 of Purbachal New Town Project.

PowerPac Holdings’ managing director Ron Haque Sikder and director and COO Syed Qamrul Islam handed over a pay order to the Housing and Public Works Minister Engineer Mosharraf Hossain at his ministry on Monday while Rajuk chairman Abdur Rahman was present on the occasion, said press release of the company.

The payment is 10 percent of the total value of the land which was paid as per terms and condition of the Rajuk’s project.

The Rajuk allotted the land to the company and its technical partner Kajima Corporation of Japan for development of ‘Iconic Tower’ with 100-142 storied building under public-private partnership (PPP). The building will have accommodation for both commercial and administrative offices.

Rajuk invited tender for leasing out 100 acres of land on July 17 last year and PowerPac Holdings won the project to develop the country’s largest infrastructure under PPP.

PowerPac is a concern of Sikder Group of Bangladesh while Kajima Corporation is a Japan-based construction company.