The Executive Committee of the National Economic Council at a meeting on Thursday approved 17 proposals involving Tk 14,200.69 crore, two days after the same committee approved 20 projects.
Of the proposals the ECNEC meeting approved, there were 14 new projects and three revised ones on the day.
Chaired by prime minister Sheikh Hasina, the meeting at the planning commission was convened two days after the same committee approved 20 development projects in its previous meeting on Tuesday ahead of the next general elections to be held by January 28 next year.
Planning minister AHM Mustafa Kamal at a briefing explained the reasons for holding two ECNEC meeting within the space of two days.
He told reporters that it was imperative to increase public investment to keep the momentum of growth in the election year against the backdrop of declining private investment.
The increased investment from the public sector would encourage private sector to make new investment, he said.
He further added that the momentum of economic growth should not be hampered due to the general elections.
He noted that they were holding ECNEC meeting in quick succession to keep the momentum of development.
He also noted that the election days are not declared holidays in the developed countries. ‘Everybody there attends office after casting votes,’ he said.
He said a surface water treatment plant would be established at Rajshahi at a cost of Tk 4,062.22 crore including Tk 2313.59 as loan from China Exim Bank by 2020 to treat 20 crore litre water daily.
The government would renovate roads and streets in the Chittagong City Corporation and construct bus and truck stands there at a cost of Tk 1,229.99 crore by 2020, besides acquiring land at a cost of Tk 1,867 crore for upgrading Faridpur-Barisal-Patuakhli-Kuakata highways by 2020 and renovate regional highway in Barisal at a cost of Tk 301 core.
A project aimed at strengthening power distribution system in Chottogram at a cost of Tk 2,551 crore was also approved.
Besides, the ECNEC approved three revised projects including housing project for clean workers in the capital, construction of fertilizer depots and Bangabandhu poverty alleviation training complex.
The housing project for clean workers in the capital has been extended to 2020 from the current 2017 and the cost was increased to Tk 254 crore from Tk 190 crore.
Construction of 13 fertilizer depots has been extended by one year to 2020 and the cost went up to Tk 628 crore from Tk 482 crore.
Bangabandhu poverty alleviation training complex has been revised for the third time resulting in an increase of project cost to Tk 344 crore from actual Tk 30. Besides, the tenure of the project was extended to 2020 from original 2012.
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