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Seven large projects to get Tk 290 billion allocation

Govt scaling up public investments

FE Report | June 08, 2018 00:00:00

The government has allocated some Tk 290 billion funds for the seven ongoing "fast-track" projects in the proposed national budget for the fiscal year (FY) 2018-19.

But three other mega projects have not got allocations from the national budget because those are being implemented through the Public-Private Partnership (PPP).

Rampal power plant and Maheshkhali LNG terminal projects are being implemented under the PPP arrangement.

Work on Sonadia deep-sea port project has not started as yet.

Among the mega projects, the Rooppur nuclear power plant project has got the highest-or Tk 110.99 billion allocations in the proposed budget.

Besides, the government's highest priority project-the Padma Bridge-has received lower allocations of Tk 43.95 billion, compared with those of the outgoing fiscal.

In the outgoing fiscal, the Padma Bridge project got Tk 47.03 billion outlay in the revised Annual Development Programme (RADP).

The metrorail project has received Tk 39.02 billion outlay in the proposed budget, up from the current allocations of Tk 34.26 billion.

The Padma railway link project has secured Tk 53.30 billion allocations for the FY'2019 development budget.

However, the fund allocation in the current fiscal for the project is higher-or Tk 68.11 billion.

The Matarbari power plant project has got Tk 21.71 billion funds in the development budget for the next fiscal.

The government has provided Tk 14.50 billion allocation for the Dohazari-Ramu-Cox's Bazar railway line project.

In the ongoing budget, the project received allocations worth Tk 10 billion.

The Pyra seaport project has got Tk 5.0 billion allocation.

The project received Tk 5.52 billion funds in the outgoing fiscal.

The government has been implementing the Rampal coal-based power plant and the Maheshkhali floating LNG terminal projects through the PPP arrangement on joint venture.

The overseas partners and the public sector companies will invest in both projects.

Finance minister AMA Muhith, in his budget speech, said one of the pre-conditions for rapid economic development is increased investments.

"We are gradually increasing public investment," he said.

And the purpose of this investment is to create investment supporting environment for the private sector, he added.

The growth-generating large projects, identified as "mega projects", have been brought under special supervision of the Prime Minister for rapid implementation.


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