ECNEC approves first UN GCF-aided project

Staff Correspondent | Published: 00:10, Mar 09,2018 | Updated: 00:25, Mar 09,2018

 
 

The Executive Committee of the National Economic Council at a meeting on Thursday approved a climate change mitigation project to be implemented from the first grant of the UN-backed Green Climate Fund and contribution from the government of Bangladesh and the German development bank.
Presided over by prime minister Sheikh Hasina the ECNEC meeting held at the planning commission also approved projects including construction of 8,000 flats across the country to facilitate housing for insolvent freedom fighters and expansion of the Supreme Court to set up 40 more court rooms.
Planning minister AHM Kamal told reporters that the Climate Resilient Infrastructure Mainstreaming project estimated at $82.75 million would be financed by the US$40 million grant from the Green Climate Fund, $15 million from the KfW Development Bank and $27.75 million from the government of Bangladesh.
Establishment of cyclone shelters, protection of critical roads in coastal region, development of urban infrastructure and safeguarding vulnerable city-dwellers from climate risk are the main feature of the six-year long project in addition to setting-up a national centre of excellence for climate resilience infrastructure.
On Thursday, the economic relations division signed an agreement with the KfW to receive the fund.
The Green Climate Fund which endorsed the Climate Resilient Infrastructure Mainstreaming project in 2015 under the UN Framework Convention on Climate Change has not released any fund due to ‘lengthy paperwork’.
AHM Kamal said local government division would construct 8,000 flats in 532 buildings, raised on mainly khas lands across the country, at a cost of Tk 2,273.21 crore by 2020 to provide accommodation facility to insolvent freedom fighters.
The government would acquire land where suitable Khas land would not available, he added.
The approval of the Supreme Court expansion project at an estimated cost of Tk 138.4 crore include construction of a 12-storey building at its premises for establishment of 40 more court rooms. 

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