ECNEC clears nine projects worth Tk11,851 crore

The Executive Committee of the National Economic Council (ECNEC) on Saturday approved nine development projects with a total estimated cost of Tk11,851.29 crore.

Of the total amount, Tk8,046.09 crore will come from government funding, Tk2,988.95 crore as project loans, and Tk816.25 crore from the implementing agencies’ own funds.

The approval came at an ECNEC meeting held at the NEC Conference Room in the Planning Commission chaired by Chief Adviser and ECNEC Chairperson Prof Muhammad Yunus.

The approved projects are construction of academic buildings of eight government polytechnic institutes with Tk451.07 crore, enhancing capacity of 15 government polytechnic institutes with Tk1,513.95 crore, development of selected private colleges for improvement in education through use of ICT (third revised) with a reduced cost of Tk184.46 crore.

Besides, mosque-based children and mass education programme to promote ethics and religious values, eighth phase with Tk4,645.58 crore, Recovery and Advancement of Informal Sector Employment (RAISE): Reintegration of returning migrants, (first revised) with an additional cost of Tk91 crore, GRID Power Evacuation System Development for West Zone Power Distribution Company Limited with Tk539.71 crore, Power Transmission Strengthening and Integration of Renewable Energy with Tk4,131.42 crore, Urban Climate Resilient Infrastructure Project (UCRIP) with Tk590.42 crore, and PRABRIDDHI (Local Economic Development), (first revised) with an additional cost of Tk72.60 crore.

Besides, the ECNEC meeting approved an extension proposal for the Reconstruction of Mymensingh Central Jail (first revised) project.

Planning Adviser Wahiduddin Mahmud also briefed the ECNEC members about four projects that were approved earlier.

These included Establishment of a Dry Fish Processing Industry in Cox’s Bazar (second revised), Strengthening of Government Video Conferencing Platform (second revised), Construction of Bogura–Rangpur–Saidpur Gas Transmission Pipeline (second revised) and Construction of Elevated Expressway from Lalkhan Bazar to Shah Amanat International Airport in Chattogram (second revised).