According to the IFC, the objective is reform Special Economic Zone regulatory and institutional set-up and attract private sector investments.
This will be achieved by assisting GoU in: a) the adoption of new SEZ law and implementing regulations to allow private sector developers/operators to build and operate SEZs, b) the assistance in capacity building of SEZ Authority, c) the assistance in conducting pre-feasibility studies for 2 SEZs, and d) in enabling downstream private SEZ investments through investor outreach.
It is reasonably expected that once the above is in place, it will allow attracting at least one private SEZ Developer/Operator licensed under the new SEZ regime by project closure. The Project is expected to generate two years post completion USD 400 million in private sector investments (including IFC) in SEZs (including potentially private green investments).
No project contacts provided at the time of disclosure.
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