Govt endorses five development projects worth TK 25.70b

The government on Tuesday in Dhaka endorsed five development projects at a combine cost of Tk 25.70 billion.

Presided over by the Prime Minister Sheikh Hasina, the Executive Committee of the National Economic Council (ECNEC) approved the projects at its meeting, held at the Planning Commission.

After the meeting, Planning Minister MA Mannan said the government would provide Tk 14.85 billion from its internal resources, Tk 10.02 billion from the external resources as the project aid and the remaining Tk 826 million from the implementing agencies’ own fund.

The ECNEC approved projects are: Buffalo research and development project at Tk 631.7 million, Construction and rehab of substation, installation of capacitor banks and development of smart grid system under the DPDC area project at Tk 14.54 billion, and Setting up of Sheikh Kamal IT training and incubation centre project at Tk 7.99 billion.

The meeting also revised two projects including Strengthening of publicity for the improvement of the rural population project (1st revised) raising the cost by Tk 477.33 million to Tk 1.07 billion and Expansion of artificial insemination activities and implementation of embryo transfer technology project (1st revised) extending the cost by Tk 2.06 billion to Tk4.72 billion.

Ministers, members of the Planning Commission and secretaries of the relevant ministries attended the meeting.

SOURCE NEWS

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