The Executive Committee of National Economic Council (Ecnec) on Thursday approved a large number of 44 projects involving an estimated cost of some Tk 39,094 crore. The approval came from the Ecnec meeting presided over by Prime Minister and Ecnec Chairperson Sheikh Hasina at the NEC conference room in the city’s Sher-e Bangla Nagar area. “A total of 45 projects were placed in the meeting. But 44 schemes have been approved and the rest one has been sent back,” Planning Minister MA Mannan told reporters. Ecnec approves 19 projects to cost Tk 18,067 crore Among the overall cost of Tk 39,094.33 crore, some Tk 29,953.44 crore will come from the national exchequer, while Tk 7,579.73 crore from the foreign sources and Tk 1,561.16 crore from the own funds of the concerned organisations. In terms of the cost, the largest three new projects are ‘Land Acquisition and Utility Transfer for Upgrading Bhanga-Jessore-Benapole Highway into Four-Lane’ project involving an estimated cost of Tk 6,140.19 crore; ‘Extended Dhaka Water Supply Resilience’ Project with Tk 4040 crore; and ‘Jashore Export Processing Zone area’ project with Tk 1,642.73 crore. Ecnec clears projects to establish Chattogram Medical University, procure 340 CNG buses for BRTC The other largest projects include ‘Construction of Town and Union Land Offices across the country (Phase-II)’ project with Tk 1,595.62 crore; ‘Integrated infrastructural development of Sylhet City Corporation including extended areas’ project with Tk 1,459.74 crore; ‘Upgrading the connecting roads of Lakshmipur, Noakhali and Feni districts with Bangabandhu Sheikh Mujib Shilpa Nagar into due standard and width’ project with Tk 1,404.46 crore; ‘Construction of gas, power and communications infrastructures for Moheshkhali Economic Zone-3 (Dholghata)’ with Tk 1,195.32 crore; and ‘Improvement of Urban Public Health Preventive Services’ Project with Tk 1,181.50 crore. During the meeting, the PM asked the authorities concerned to gradually come out from the trend of providing subsidies on different sectors particularly electricity and water in a bid to reduce burden on the state coffer. Ecnec nods setting up 50 technical training centres "We'll have to come out from the practice of subsidies in phases. Utilities like electricity and water are universal and are used by all. All from a minister to a cleaner equally enjoy the benefits of such subsidies," Mannan quoted the PM as saying. The premier suggested fixing area-wise and income-wise charges for electricity and water services.

The Executive Committee of National Economic Council (Ecnec) on Tuesday approved a total of 12 development projects including a revised one to raise the cost of the Padma Multipurpose Bridge Construction by Tk 2412.13 crore and extend the timeframe till June 2024. The overall estimated cost of the 12 projects is Tk 19,598.84 crore. Only additional costs of four revised projects were counted here. The approval came from the Ecnec meeting chaired by its chairperson and Prime Minister Sheikh Hasina at the NEC conference room in the city’s Sher-e Banglanagar area. “A total of 15 projects were placed before today's meeting. Of them, 12 projects got approval and two were deferred. And the rest one got time extension only,” said Planning Minister MA Mannan while briefing reporters. Of the 12 approved projects, eight are new and the rest four are revised ones. Among the total estimated cost, Tk 13,203.66 crore will come from the foreign sources as project assistance, while Tk 6,260.72 crore from the GoB fund and the rest Tk 134.46 crore from the fund of an organisation concerned, said the Planning Secretary Satyajit Karmaker. Regarding  the reasons behind the rise of cost of Padma Multipurpose Bridge Construction Project, member of Physical Infrastructure Division of the Planning Commission Dr Mohammad Emdad Ullah Mian said the VAT rate has risen to 15 percent now from 10 percent as well as the prices of construction materials for river trainings and the price of dollar went up. As per the project factsheet, the main work of Padma Bridge project has already been completed. But now the revision of the project is required to complete the remaining ancillary works and the payment of contractors’ dues. So, the project can be approved under this consideration, he said. In terms of cost, the largest three new projects approved in the Ecnec meeting are “Programme on Agricultural and Rural Transformation for Nutrition, Entrepreneurship and Resilience in Bangladesh Project,” involving an estimated cost of Tk 6,910.94 crore;  “Bangladesh Road Safety Project” with Tk 4,988.14 crore; and “Collection of 2 Crude Oil Mother Tankers and 2 Mother Bulk Carrier Ships on the basis of G2G Project” with Tk 2,620.77 crore. The agricultural (PARTNER) project will be implemented in all the unions of 495 upazilas of the country’s 64 districts by June 2028, mainly for transformation of the traditional agricultural system into commercial agriculture and diversification in the food grains production. Other major objectives of the project are development of agricultural entrepreneurs for the export of agricultural products and expansion of climate resilient agro-food value-chains. Also Read: Tk 4323-crore project to improve disaster preparedness, 7 others get Ecnec nod The Bangladesh Road Safety project will be implemented in all the upazilas of the country by June 2028 in a bid to reduce road accidents and damages as well as enhance the capacity of government agencies concerned for ensuring road safety. The other new projects are “Improving Computer and Software Engineering Tertiary Education Project (ICSETEP)” involving Tk 1,219.80 crore; "Project for Protection of Charkaua, Chandmari, Jagua, Lamchari and Charmonai Areas in Sadar Upazila of Barisal District from Kirtankhola River Erosion (Phase-1) with Tk 512.92 crore; “Establishment of Institute of Nanotechnology (in Savar) Project” with Tk 380.78 crore;  ‘’Building Climate Resilient Livelihoods in the Vulnerable Landscapes in Bangladesh (BCRL) Project” with Tk 76.06 crore; and “Safer Cyberspace for Digital Bangladesh: Enhancing National & Regional Digital Investigation Capability of Bangladesh Police Project” with Tk 59.08 crore. The three other revised projects are “Construction of Dhaka-Narayanganj dual gauge railway line in parallel to the existing meter gauge railway line (1st revised) Project” with additional cost of Tk 279.69 crore (now cost is Tk 658.35 crore); “Reconstruction of Mymensingh Central Jail (1st revised) Project” with extra cost of Tk 112.54 crore (now the total cost increased to Tk 240.15 crore); and “Reinstallation and Improvement of Level Crossing Gates of the Eastern Region of Bangladesh Railway (3rd revised) Project” with additional cost of Tk 25.99 crore ( now cost is Tk 130.50 crore). In the Ecnec meeting, the Prime Minister directed the authorities concerned to ensure the facilities in the country’s jails to run the virtual court. She made this directive during the discussion about the first revision of Reconstruction of Mymensingh Central Jail Project.  

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved a total of 11 projects involving an overall estimated cost of Tk 4,252.66 crore. Of the total project cost, Tk 3,645.21 crore will come from the government fund while the rest of Taka 607.45 crore as project assistance. The approval came at the weekly ECNEC meeting held at the NEC Conference Room in the capital's Sher-e-Bangla Nagar with Prime Minister Sheikh Hasina in the chair. Planning Minister MA Mannan while briefing reporters after the ECNEC meeting said that of the approved 11 projects, six are new while five are revised projects. The approved projects are: Establishment of cancer centre at Dhaka CMH (2nd phase) with Tk 246 crore, Establishment of 10 secondary schools adjacent to Dhaka, 1st revised with an additional cost of Tk 76.94 crore, Secondary education sector investment Programme, 3rd revised, without any additional cost. Read more: Ecnec nods 6 projects worth Tk 7,018 crore The other projects are— construction of Swadhinata Tower at Suhrawardy Uddyan in Dhaka, 3rd phase, 1st revised with an additional cost of Tk 131.91 crore, nutrition development through production of fruits round the year, 2nd revised with an additional cost of Tk 211.32 crore and flood reconstruction emergency assistance project with Tk 300 crore. The rest of the projects are— infrastructural development of Jamalpur district with Tk 1,125 crore, WASH Sector Strengthening and Sanitation Market System (SanMarks) Development Project in Bangladesh with Tk 156.25 crore, climate resilient sustainable water supply, sanitation,  and hygiene project in Bangladesh with Tk 274.48 crore, Dredging at inner bar at Mongla Port channel, 1st revised with an additional cost of Tk 198.54 crore and road widening and development on Bhulta-Araihazar-Bancharampur-Nabinagar-Shibpur-Radhika regional highway with Tk 1,532.22 crore.    

Prime Minister Sheikh Hasina today (February 19, 2023) inaugurated the Mirpur-Kalshi flyover to vehicular movement. The flyover has been constructed to ease commute in Mirpur, Mirpur DOHS, Pallabi, Kalshi, Mahakhali, Banani, Uttara and Dhaka airport. The prime minister opened the flyover to traffic from a function at Kalshi intersection, adjoining Balur Math, in Dhaka. The 2,335m long flyover has been built under the Road Widening and Development Project from ECB Square to Mirpur and the Construction of Flyover on Kalshi Circle Project, which got ECNEC approval on January 9, 2018. Read more: Want peace, but ready to resist external attack: PM Hasina Under the project, 3.70km stretch of road from the ECB square to Kalshi was also widened. Dhaka North City Corporation (DNCC) and the Bangladesh Army (24 Engineer Construction Brigade) implemented the project at a cost of around Tk 1,012 crore. According to the project details, the flyover looks like the English alphabet ‘Y’. The previously four-lane roads have been widened to six lanes to ease commute. Read More: Remove posters, writings from Dhaka’s flyovers in 2 weeks: HC The main four-lane flyover runs from ECB square towards Kalshi and Mirpur DOHS, while a two-lane ramp descends from Kalshi intersection to Kalshi Road. The project also includes extension of a PC girder bridge, construction of two foot bridges, a public toilet, two police boxes, a 7.40 km RCC drain and saucer drain, a 1755m RCC pipe drain, retaining wall, 3383m communication duct, 8 lakh-linear metre sand compaction pile, separate cycle lane, and six bus bays. On her arrival at the venue, LGRD and Cooperatives Minister Md Tazul Islam, Dhaka North City Corporation Mayor Md Atiqul Islam, Chief of Army Staff General SM Shafiuddin Ahmed, Dhaka-16 MP Md Elias Uddin Mollah, and Local Government Division Secretary Muhammad Ibrahim welcomed her. Read More: Flyovers to be constructed in haor region, not roads: Planning Minister.

Prime Minister Sheikh Hasina today (February 15, 2023) handed over the keys of ‘Bir Nibash’ to valiant freedom fighters, who are financially marginalized. The Prime Minister handed over keys to 5000 houses at a programme – held in Dhaka’s Osmani Memorial Auditorium – organized by the Liberation War Affairs Ministry with the Minister AKM Mozammel Huq in the chair. The PM joined the programme virtually from her official residence Ganabhaban. The houses are being given away to freedom fighters as gifts from the Prime Minister, on the occasion of Mujib Borsho and 50 years of Bangladesh’s independence. Read more: President-elect, PM call on incumbent at Bangabhaban The project, ‘House construction for insolvent freedom fighters’ – approved by the ECNEC on March 21 last year – is being implemented at the cost of Tk 4,122 crore which will come from government funds. The main objective of the project is to construct 30,000 ‘Bir Nibash’ (houses) for insolvent freedom fighters, Birangana (women freedom fighters), widows and children of martyred and late freedom fighters. Named ‘Bir Nibash’ (Home for Heroes), each 635sqft house has two bedrooms, two bathrooms, a dining room, and a kitchen. This project is an initiative of Prime Minister Sheikh Hasina to uplift the socio-economic status of financially marginalized freedom fighters, as well as widows and children of late freedom fighters. Read More: BALID honours six freedom fighters in the month of victory The cost of building each house is Tk 14,10,382, as per the official source. Deputy Commissioners of Narail, Madaripur, Gopalganj, Gazipur and Kishoreganj, on behalf of the Prime Minister handed over the keys in their respective areas.

The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved a Tk 5,651.13-crore project for the construction of an elevated road from Mithamoin upazila sadar to Karimganj upazila in Kishoreganj district, aiming to ensuring smooth and uninterrupted road communication in the haor region. The approval came from an Ecnec meeting presided over by Ecnec chair and Prime Minister Sheikh Hasina at the NEC Conference Room in the city. "Today the meeting approved a total of 11 projects with an overall estimated cost of Tk 10,640.58 crore. "Out of the total cost, Tk 7,827.50 crore will be drawn from the fund of Bangladesh government while Tk 2,880.18 crore from foreign sources as project assistance," said Planning Minister MA Mannan at a press briefing. Of the 11 projects, six are fresh projects while five are revised ones, he said. The Planning Minister said that the main objective of the elevated road construction project is to establish smooth road communication in the haor region from Mithamoin Sadar to Karimganj upazila connecting the Mithamoin cantonment. Read more: 8 projects costing almost Tk 5000 crore gain Ecnec nod Besides, some 13.40 kilometer existing road from Nakbhanga circle to Morichkhali bazar would be widened to establish smooth and uninterrupted all weather road communication of Itna, Mithamoin and Austagram upazilas with Kishoreganj Sadar, Dhaka, Sylhet and other districts. The main project operations include construction of 15.13 kilometer elevated road, widening of 13.40 kilometer existing road, construction of four bridges, construction of 13 toll plazas, toll monitoring buildings and check posts and construction of 13 kilometer temporary submersible roads. State Minister for Planning Dr Shamsul Alam, the members of Planning Commission and concerned secretaries were present at the briefing. Replying to a question if the draft EVM procurement project was placed at the meeting or not, the Planning Minister said that neither the project was in the agenda nor the Prime Minister wanted to know anything about it. "But, the draft project is under process and you'll know about it when it will progress further," he said. In the meeting, a brief on the country's current economic situation was made, which was appreciated by all, he added. Talking about the PM's directives, the Planning Minister said that the authorities concerned were asked to complete the development works within the stipulated timeframe and maintain the quality of works. Read more: Ecnec approves Tk 7,189cr Cumilla-Brahmanbaria 4-lane highway project Mannan said the PM put emphasize on proper scrutiny before making expenditures. State Minister for Planning Dr Shamsul Alam informed that the PM directed all to remain cautious in expenditure as well as maintaining austerity in expenditure.  The other projects okayed in the meeting are construction of multipurpose hydraulic elevator dam on Srimai River under Patia upazila of Chattogram with Tk 133.53 crore, Protecting Sheikh Hasina Cantonment area from the erosion of Karkhana, Bighai and Payra Rivers under Barishal district, 1st phase with Tk 676 crore, Padma River dredging and protection of left embankment from Majhirchar to Moksedpur via Narishabazar under Dohar upazila in Dhaka, 1st revised with an additional cost of Tk 528.06 crore, Adaptation initiative for the small islands and river Char lands in the coastal areas vulnerable to climate change with Tk 77.86 crore, Matarbari coal-based power station construction project (roads and highways department portion, 2nd revised with an additional cost of Tk 364.81 crore. The remaining projects are construction of multilane tunnel under Karnaphuli River, 2nd revised with an additional cost of Tk 315.29 crore, Establishment of global maritime distress and safety system & integrated maritime navigation system (EGIMNS) project, 3rd revised with an additional cost of Tk 92.46 crore, Inclusive sanitation at 25 towns in Bangladesh with Tk 2,210.70 crore, Climate Change Adapted Urban Development, Phase II (CCAUD), Khulna with Taka 491.28 crore and Ghorashal, 4th unit re powering project, 2nd revised with an additional cost of Tk 99.46 crore.

The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved eight development projects, including  one to strengthen climate and disaster resilience in the coastal towns, with a projected outlay of Tk 2580-crore at this stage.  The approval came from the Ecnec meeting presided over by Ecnec chairperson and Prime Minister Sheikh Hasina at the NEC conference room here in the city. “Today a total of eight projects including three revised ones were approved. The total estimated cost of the projects is Tk 4,826.21 crore (only additional costs of revised ones were counted here),” said a Planning Minister MA Mannan while briefing reporters after the meeting.   Read more: Ecnec nods 6 projects worth Tk 7,018 crore The largest project in terms of cost is the  ‘Costal Towns Climate Resilience Project (CTCRP),’ which will be implemented in 22 municipalities of 10 districts under three divisions by June 2029. According to the project factsheet, the objective of the project is to strengthen climate and disaster resilience of selected vulnerable coastal cities, as well as to improve the quality of life of women and poor people. Of the project cost, Tk 430 crore will be drawn from the government’s fund, while Tk 2,150 crore will come from Asian Development Bank (ADB) as project loan. Talking about inflation, the Planning Minister said the overall inflation trend is now declining, while the wage index is on the uptrend. "Although it's not very much satisfactory, it's a good sign," he added. The inflation rate would continue to come down till February next, but the declining trend might slow down in March next, said Mannan. He said Bangladesh is likely to witness good yielding of Amar crops this time, which would be good news to rein the inflation. Talking about the reserve of foreign currency, the Minister said the current account has reached a balanced situation thanks to steps taken by the government and the central bank (to control imports and others) with the rise of remittance inflow and export. Read more: Ecnec approves Tk 7,189cr Cumilla-Brahmanbaria 4-lane highway project State Minister for Planning Dr Shamsul Alam said that the remittance inflow during the July-October period of the current fiscal year (FY23) totaled US$ 7.2 billion, which is higher than the corresponding period of the last fiscal year (FY22). The four other fresh projects are ‘Upgrading 4 district highways into due standard and width under Cumilla Road Division’ project involving with an estimated cost of Tk 1,023.52 crore;  ‘Construction of Rabnabad Bridge over the Rabnabad River on the 70th kilometer of the Lebukhali-Baufal-Golachipa-Amragachia District Highway’ with Tk 521.26 crore; ‘Transport Master Plan and Preliminary Feasibility Study for Urban Metro Rail Transit Construction of Chattogram Metropolitan Area (CMA)’ with Tk 70.63 crore; and ‘Strengthening nutrition and food security through agricultural development’ with Tk 148.81 crore. Among the three revised projects, the cost of ‘Modernization of Jail security in Dhaka, Mymensingh and Chattogram Divisions’ (1st revised) project was raised to 49.98 crore from Tk 32 crore, but stip[ulated time has already been extended five times. Two other revised projects are ‘Installation of third submarine cable for expanding international telecommunication system in Bangladesh (1st revised)’ project with an additional cost of Tk 362.07 crore (now cost Tk 1,055.24 crore) and ‘National information and communication technology development (Info Sarker, third phase) (3rd revised)’ project with an additional cost of Tk 101.94 crore (now cost Tk 2141.42 crore).

Prime Minister Sheikh Hasina on Tuesday asked the authorities concerned not to design and implement any development project, harming nature and ecology. She made the directive while presiding over a meeting of the Executive Committee of the National Economic Council (Ecnec) held at the NEC conference room here in the city. Briefing the reporters, Planning Minister MA Mannan said the directive came while clearing a Tk 2,580-crore Coastal Town Climate Resilient Project in the meeting. “We’re implementing many projects. But be careful no damage is done to nature,” the PM was quoted as saying. About agricultural production, she stressed not only on raising food production amid the current global situation, but also for ensuring quality food grains and nutrition enriched foods.  Hasina asked the concerned ministries to pay attention to the stockpile of food grains in godowns and preserve the food items properly using higher technology. The PM also asked the authorities to complete the projects in time to avoid frequent revision.  

The overall inflation in Bangladesh fell to 8.91 percent in 2022's October, on a point-to-point basis, from 9.1 percent in September this year. Planning Minister MA Mannan shared the information on Tuesday (November 08, 2022) at a press conference after the meeting of Executive Committee of the National Economic Council (ECNEC). Depreciation of taka should be considered positively as it helps to increase US dollar supply in the market, he said. Read more: Inflation: UN expert for increasing benefits, wages or lives will be lost In reply to a question, Mannan said, “As per Bangladesh Bank, foreign exchange reserves are close to $35 billion, no matter what the IMF said.” In August this year, the overall inflation in the country rose to 9.5 percent. This important and sensitive indicator of the economy was the highest in August in the last 12 years. In the fiscal 2010-11, the average inflation rate of the country was 10.92 percent. After that, this index did not rise above 9 percent. Read more: August inflation data finally released, with September Due to the increase in prices of daily essentials, and fuel in the international market, there was a trend of rising inflation in the country for several months. On August 5, the government increased fuel prices by 42 to 51 percent. The price of diesel was increased by Tk 34 per litre, octane by Tk 46 per litre, and petrol by Tk 44 per litre. This record jump in fuel prices contributed to the record inflation in Bangladesh. 

Executive Committee of the National Economic Council (Ecnec) on Tuesday cleared six development projects, including the Tk 7,189 crore project to upgrade Cumilla-Brahmanbaria National Highway to four lanes. The highway from Mainamati of Cumilla to Dharkhar of Brahmanbaria will be upgraded into a four-lane one, with separate lanes for slow vehicles on both sides, by June 2026. The project aims to establish fast, safe and cost-effective road connectivity between Sylhet and Chattogram regions. The approval came from the Ecnec meeting presided over by its chair and Prime Minister Sheikh Hasina who joined the event through a virtual platform from her official residence Ganobhaban. Also read: Ecnec postpones Tk 236-crore project of Teletalk to save dollars “The total estimated cost of the six approved projects is some Tk 8,739.68 crore (only additional costs of three revised projects were included),” Planning Minister MA Mannan said at a press briefing after the meeting was held at the NEC Conference Room. Of the total cost, Tk 5,929.03 crore will be drawn from the government’s fund, while the rest Tk 2,810.65 crore will come as foreign loan, he said. According to the Planning Commission, the project titled ‘Upgrading Cumilla (Mainamati)-Brahmanbaria (Dharkhar) National Highway into Four Lanes’ will be executed at the cost of Tk 7,188.66 crore. Also read: Metro Rail (MRT Line-6) project cost goes up by Tk 11,486 cr; Gets Ecnec nod The government will finance Tk 4,378 crore and the rest Tk 2,810.65 crore will come from the Indian Line of Credit (LoC). The major project operations are acquisition of 103 hectares of lands, construction of 14 bridges (with total length of 1,218.44 meters), one 1,030-meter flyover, two underpasses, 50 culverts, 12 foot-over bridges, 50-km flexible pavement and 4.5-km rigid pavement.