ECNEC approves eight projects with Tk 121.67 billion
The committee approves Tk 43.23b RIVER project to reduce risks of flood-prone areas
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The Executive Committee of the National Economic Council (ECNEC) has approved a Tk 43.23 billion Resilient Infrastructure for Adaptation and Vulnerability Reduction Project (RIVER) in a bid to reduce flood risks of the sudden flood-prone communities and people living along the river banks.
The approval came from a meeting of the ECNEC, with its Chairperson and Prime Minister Sheikh Hasina in the chair, held at the NEC Conference Room at Sher-e-Bangla Nagar area in Dhaka on Sunday.
Briefing reporters after the meeting, State Minister for Planning Dr Shamsul Alam informed that the day's meeting approved a total of eight projects with an overall estimated cost of Tk 121.67 billion, reports BSS.
"Of the total project cost, Tk 30.97 billion will come from the Government of Bangladesh (GoB) portion, Tk 1.56 billion from the concerned organisation's own fund while the lion share of Tk 89.12 billion from project assistance," he added.
Planning Division Secretary Satyajit Karmakar, planning commission members and secretaries concerned were present at the briefing.
Of the approved 8 projects, 6 are new while 2 others are revised projects.
Besides, the meeting also gave approval for time extension of four projects without raising cost of those.
More to follow...