ECNEC approves four projects involving Tk 3.38b

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved four projects involving a total cost of Tk 7.96 billion, including a Tk 3.38 billion one to make mouza and plot-based national digital land zoning, reports UNB.

The approval came from the 10th Ecnec meeting of the current fiscal year, held virtually with Ecnec Chairperson and Prime Minister Sheikh Hasina in the chair.

The Prime Minister and Planning Minister MA Mannan joined the meeting from Ganobhaban through a videoconference, while other Ecnec members were connected from NEC Bhaban.

“Today, we placed four projects from three ministries. Of them, three are completely fresh projects and one is for revision. The estimated cost of the projects is Tk 7.964 billion (only additional cost of the revised project was counted here),” said MA Mannan at a press briefing.

Of the total cost, Tk 6.23 billion will be borne from the state coffer, while the rest Tk 1.728 billion will come as loan from the World Bank, he said.

About the Mouza and Plot-Based National Digital Land Zone Project, the Planning Minister said the Land Ministry will implement the project at a cost of Tk 3.376 billion by June 2024.

Two other new projects are Bhairab River Re-excavation (2nd Phase) Project involving Tk 2.375 billion and Canal Re-excavation to address Water-logging in Begumganj, Chatkhil, Senbag and Sonaimuri upazilas of Noakhali Project with Tk 718.7 million.

The Ecnec meeting okayed the first revision of Bangladesh Regional Waterway Transport Project-1 (Improvement of Chattogram-Dhaka-Ashuganj and connecting river routes and installation of terminals and others) raising both the cost and time.

The project cost was raised by Tk 1.494 billion as it has increased to Tk 33.49 billion in the revision from the original cost of Tk 320 billion.

The project deadline was extended to December 2025 from the original deadline of June 2024.

SOURCE NEWS

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