Ecnec okays revised Padma Bridge Rail Link Project

The Executive Committee of the National Economic Council (Ecnec)has approved the Padma Bridge Rail Link Project (first revised) involving Tk 392.46 billion.

It also cleared 15 other projects, including the 4th Primary Education Development Programs (PEDP-4), involving Tk 383.97 billion.

The approval came from the regular weekly meeting of Ecnec, held at the NEC conference room in the capital on Tuesday with Ecnec Chairperson and Prime Minister Sheikh Hasina in the chair.

"A total of 16 projects were approved with an estimated cost of Tk 962.35 billion," said Planning Minister AHM Mustafa Kamal while briefing reporters after the meeting.

Of the overall estimated cost, Tk 526.85 billion will come from government funds, while Tk 432.21 billion as project assistance and Tk 3.26 billion from the own funds of the organisations concerned.

Among the 16 approved projects, 12 are new while four are revised ones.

ThePadma Bridge Rail Link Project will be implemented by June 2024. The original cost of the project was Tk 349.88 billion, which has now been raised to Tk 392.46 billion, reports UNB.