ECNEC approves nine dev projects of Tk 89b - Share market analysis of dhaka stock exchange, Bangladesh

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11 January, 2017 10:28 AM Source: The Financial Express Bangladesh
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The government Tuesday approved nine development projects, including three revised ones, with an expenditure of Tk 88.74 billion.

The Executive Committee of the National Economic Council (ECNEC) approved the projects at its meeting in Dhaka, with Prime Minister Sheikh Hasina in the chair.

Construction of 128 bridges of different sizes at 32 districts across the country is one of the projects, involving a cost of Tk 39.26 billion, Planning Minister AHM Mustafa Kamal told a media briefing after the meeting.

He said the Local Government Engineering Department (LGED) will construct the bridges, having a total length of 26,740 metres, by June 2021.

Of the total Tk 88.74 billion costs, Tk 73.29 billion will come from the internal resources, Tk 14.95 billion from the external sources and the rest from the project implementing agencies.

The other projects approved were: Tk 4.55 billion important rural infrastructure development at Bhola district; Tk 7.06 billion dredging 83 canals at Bagerhat district with improving navigation at the Mongla-Ghashiakhali channel; Tk 5.66 billion power distribution expansion at three hilly districts; and Tk 7.34 billion roads and drainage improvement at the newly included Shampur, Dania, Matuail, and Sarulia with the Dhaka South City Corporation.

The three revised projects were: Tk 18.91 billion water supply and drainage system improvement at Chittagong city; Tk 3.39 billion farm machanisation for improving crops production; and Tk 1.60 billion strengthening of BINA's research works and sub-centres. 

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