Finance

ECNEC approves 4 projects at a cost of Tk 2115 crore ECNEC
PID The ECNEC meeting was held on Tuesday under the chairmanship of Prime Minister and ECNEC Chairperson Sheikh Hasina

ECNEC approves 4 projects at a cost of Tk 2115 crore

Bangladesh Live News | @banglalivenews | 01 Dec 2020, 09:06 pm

Dhaka, December 1: The Executive Committee of the National Economic Council (ECNEC) has approved four projects at a cost of Tk 2,115.20 crore. Of this, government funding is Tk 1,440.87 crore, the company's own funding is Tk 300.83 crore and loans from foreign sources are Tk 363.50 crore. Of the four projects approved, three are revised and one is new.

The approval was given at an ECNEC meeting chaired by Prime Minister and ECNEC Chairperson Sheikh Hasina on Tuesday (December 1).

Among the approved projects, the Ministry of Water Resources has re-excavated the Arial Khan River, Haridoa River, Brahmaputra River, Pahariya River, Meghna Branch River and Old Brahmaputra Branch River in Narsingdi district. The original cost of the project was Tk 500.28 crore. In the first amendment, the expenditure has been increased by Tk 403.14 crore to Tk 903.42 crore. The project started in January 2017. It was supposed to be completed by June 2021. In today's amendment, its term has been extended till June 2022.

The Ministry of Posts, Telecommunications and Information Technology has approved two projects. Among them is the first amendment to the project ‘Modernization of Telecommunication Networks for Digital Connections’. The original cost of the project was Tk 2,573.40 crore. 741.54 crore has been increased to Tk 3,314.94 crore. The project started in July 2017. It was supposed to end in June 2020. The amendment has been extended till June 2022.

The same ministry's project 'Laying of Third Submarine Cable for Expansion of Bangladesh International Telecommunication System' has been given new approval. The project will be implemented at a cost of Tk 693.17 crore. It will be completed between October this year and June 2024.