UNB, Dhaka :
The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved the ‘Smaller water resources development (2nd phase)’ project involving an estimated cost of Tk 1,285.96 crore, aiming to boost agricultural production and thus increase the income of farmers through enhancing non-farm activities.
The approval came from the weekly Ecnec meeting held at the NEC conference room here with Ecnec Chairperson and Prime Minister Sheikh Hasina in the chair. Briefing reporters after the meeting, Planning Minister AHM Mustafa Kamal said a total of eight projects were approved today involving an estimated cost of Tk 4,979.35 crore. “Of the total project cost, Tk 4,069.34 crore will come from the national exchequer, while Tk 51.16 crore will from the organisation’s own fund and the remaining Tk 858.85 crore from project assistance,” he said. Of the approved eight projects, seven are new while one is a revised project.
The Planning Minister said the Local Government Engineering Department (LGED) will implement the ‘Smaller Water
Resources Development’ Project by December, 2023.
Of the total project cost of Tk 1,285.96 crore, Tk 858.85 crore assistance will come from Japan International Cooperation Agency (JICA). The project will be implemented in 220 upazilas under 29 districts in Dhaka, Mymensingh, Sylhet and Rangpur divisions. The main project operations include implementation of some 145 new sub-projects on flood management, water sanitation, water retention, construction of office buildings of water management Samobai Samity, extension and rehabilitation of 136 old sub-projects, and some 140.29 acres of land acquisition.
The Planning Minister also informed that the main project objectives include creating agriculture business related facilities as well as providing training. He also informed the project is based on the success of the ‘Greater Mymensingh, Sylhet, and Faridpur smaller water resources development’ project implemented from July, 2007 to June, 2016 with an expenditure of Tk 568.71 crore. Such projects will also be implemented across the country in phases, Mustafa Kamal added. While revealing the ADP implementation rate for the July-October period of the current fiscal year, he said Tk 23,835 crore were spent during the four-month period with a healthy rate of 14.53 percent. The ADP implementation rate during the July-October period of the last fiscal year was 13.60 percent, when Tk 16,772 crore were spent.
The minister said the ADP implementation rate of the last four months was the highest in the history of Bangladesh since there were no constraints. The line ministries did their job sincerely while the directives of the Prime Minister were also followed. The Ecnec meeting also gave nod to the 3rd revision of the ‘Leather Industrial Estate, Dhaka’ with an overall estimated expenditure of Tk 1,078.71 crore. BSCIC was scheduled to implement the 2nd revision of the project by June 2016, but Ecnec this time approved the 3rd revision of the project extending the timeframe by another there years to June, 2019 without increasing the project cost.
The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved the ‘Smaller water resources development (2nd phase)’ project involving an estimated cost of Tk 1,285.96 crore, aiming to boost agricultural production and thus increase the income of farmers through enhancing non-farm activities.
The approval came from the weekly Ecnec meeting held at the NEC conference room here with Ecnec Chairperson and Prime Minister Sheikh Hasina in the chair. Briefing reporters after the meeting, Planning Minister AHM Mustafa Kamal said a total of eight projects were approved today involving an estimated cost of Tk 4,979.35 crore. “Of the total project cost, Tk 4,069.34 crore will come from the national exchequer, while Tk 51.16 crore will from the organisation’s own fund and the remaining Tk 858.85 crore from project assistance,” he said. Of the approved eight projects, seven are new while one is a revised project.
The Planning Minister said the Local Government Engineering Department (LGED) will implement the ‘Smaller Water
Resources Development’ Project by December, 2023.
Of the total project cost of Tk 1,285.96 crore, Tk 858.85 crore assistance will come from Japan International Cooperation Agency (JICA). The project will be implemented in 220 upazilas under 29 districts in Dhaka, Mymensingh, Sylhet and Rangpur divisions. The main project operations include implementation of some 145 new sub-projects on flood management, water sanitation, water retention, construction of office buildings of water management Samobai Samity, extension and rehabilitation of 136 old sub-projects, and some 140.29 acres of land acquisition.
The Planning Minister also informed that the main project objectives include creating agriculture business related facilities as well as providing training. He also informed the project is based on the success of the ‘Greater Mymensingh, Sylhet, and Faridpur smaller water resources development’ project implemented from July, 2007 to June, 2016 with an expenditure of Tk 568.71 crore. Such projects will also be implemented across the country in phases, Mustafa Kamal added. While revealing the ADP implementation rate for the July-October period of the current fiscal year, he said Tk 23,835 crore were spent during the four-month period with a healthy rate of 14.53 percent. The ADP implementation rate during the July-October period of the last fiscal year was 13.60 percent, when Tk 16,772 crore were spent.
The minister said the ADP implementation rate of the last four months was the highest in the history of Bangladesh since there were no constraints. The line ministries did their job sincerely while the directives of the Prime Minister were also followed. The Ecnec meeting also gave nod to the 3rd revision of the ‘Leather Industrial Estate, Dhaka’ with an overall estimated expenditure of Tk 1,078.71 crore. BSCIC was scheduled to implement the 2nd revision of the project by June 2016, but Ecnec this time approved the 3rd revision of the project extending the timeframe by another there years to June, 2019 without increasing the project cost.
