ECNEC clears nine projects worth Tk 118.52 billion

The Executive Committee of the National Economic Council (ECNEC) on Saturday approved nine development projects with a total estimated cost of Tk 118.52 billion.

Of the total amount, Tk 80.46 billion will come from government funding, Tk 29.89 billion as project loans, and Tk 8.16 billion 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 Professor Muhammad Yunus.

The approved projects are construction of academic buildings of eight government polytechnic institutes with Tk 4.51 billion, enhancing capacity of 15 government polytechnic institutes with Tk 15.14 billion, development of selected private colleges for improvement in education through use of ICT, 3rd revised with a reduced cost of Tk 1.84 billion.

Besides, mosque-based children and mass education programme to promote ethics and religious values, 8th phase with Tk 46.46 billion, Recovery and Advancement of Informal Sector Employment  (RAISE): Reintegration of returning migrants, (1st revised) with an additional cost of Tk 910 million, GRID Power Evacuation System Development for West Zone Power Distribution Company Limited with Tk 5.40 billion, Power Transmission Strengthening and Integration of Renewable Energy with Tk 41.31 billion, Urban Climate Resilient Infrastructure Project (UCRIP) with Tk 5.90 billion and PRABRIDDHI (Local Economic Development), (1st revised) with an additional cost of Tk 726.0 million.

Besides, the Ecnec meeting approved an extension proposal for the Reconstruction of Mymensingh Central Jail (1st Revised) project.

Planning Adviser Dr Wahiduddin Mahmud also briefed the Ecnec members about four projects which were approved earlier.

These included Establishment of a Dry Fish Processing Industry in Cox’s Bazar (2nd Revised), Strengthening of Government Video Conferencing Platform (2nd Revised), Construction of Bogura–Rangpur–Saidpur Gas Transmission Pipeline (2nd Revised) and Construction of Elevated Expressway from Lalkhan Bazar to Shah Amanat International Airport in Chattogram (2nd Revised).