The Public Private Partnership Authority, under the Prime Minister’s Office, Bangladesh, has appointed KPMG Advisory Service Private Limited, India, for providing PPP Transaction Advisory services for development of a tourism complex with 5-Star amenities at the Existing Motel Compound of Bangladesh Parjatan Corporation (BPC) in Sylhet.
Sylhet, located in the picturesque Surma valley, is often termed as the “queen of hills” for its verdant tea gardens, lush green tropical forests and numerous rivers, waterfalls and lakes. Placed between the towering hills of Khasi and Jaintia to the north and the Tripura hills to the south, Sylhet is one of the most attractive tourist destination of the country. BPC already operates a 50-bed motel located near the airport, which is spread across 25 acres of land at Sylhet and provides an exquisite and idyllic setting.
BPC, in line with its mission to promote tourism in Bangladesh and provide quality accommodation to the tourists, has requested support from PPP Authority for re-development of its existing motel at Sylhet into an international standard tourism complex.
As part of the project, KPMG team will develop an overall concept plan for the proposed complex, undertake feasibility study of the same, recommend on appropriate project structuring and provide techno-commercial inputs for preparation of the bid documents for selection of a suitable PPP developer. The selected PPP developer will be responsible for both development and subsequent operation and maintenance of the proposed tourism complex.
KPMG Advisory Services Private Limited is one of the largest consulting firms in India (KPMG is commonly referred to as one of Big 4 across the world) with a vast experience of PPP projects and in providingtransaction advisory services across sectors like tourism, power, transport, logistics, urban infrastructure, etc. to both private and public sector clients.
This project is akin to various similar initiatives by the PPP Authority to promote tourism in Bangladesh by facilitating faster implementation of projects through PPP and in turn ensuring increased private sector participation and investment in the tourism sector in Bangladesh.