No more government land at token price: Finance adviser
“Whoever wants land must pay for it. Because when land is given at a nominal price, it is often misused. In many cases, even when only 10 acres are needed, they ask for 100 acres if it comes at a token price,” the adviser said
Government agencies will no longer be allowed to acquire state-owned land at a token price anymore, said Finance Adviser Salehuddin Ahmed.
"From now on, government land will not be given to any organisation at a symbolic price. Those who want the land must purchase it at a fair price," Salehuddin told reporters after meetings of the Advisers Council Committee on Economic Affairs and the Advisers Council Committee on Government Purchase held in the Secretariat yesterday.
A proposal was placed at the meeting for policy approval to transfer 54.99 acres of land from the closed Jalil Textile Mills in Chattogram to the Bangladesh Army for Tk17 crore, to facilitate the expansion of the Bangladesh Ordnance Factories (BOF), a Defence Hardware Manufacturing Factory for Bangladesh Armed Forces.
Keep updated, follow The Business Standard's Google news channel
Responding to queries about the proposal, Salehuddin said, "They [Army] want to take the land, but we have proposed that it should not be given at a token price. They have to pay the market price."
"Whoever wants land must pay for it. Because when land is given at a nominal price, it is often misused. In many cases, even when only 10 acres are needed, they ask for 100 acres if it comes at a token price," the adviser said.
