The Executive Committee of the National Economic Council (ECNEC) Tuesday approved 10 development projects involving Tk 18.53 billion including extension of Madani Avenue in Baridhara of the city to ease traffic jam, reports UNB.
Of the total project costs, Tk 14.83 billion will come from the government exchequer and Tk 3.70 billion as project assistance.
ECNEC chairperson and Prime Minister Sheikh Hasina gave the approval at its 32nd meeting of the current fiscal year.
Briefing reporters after the meeting, Planning Minister AK Khandaker said the 5.71 km eastward extension of Madani Avenue (Pragati Sarani intersection to Balu River) was designed to ease traffic congestion in the capital.
This project, he said, will be implemented by the Housing and Public Works Ministry at a cost of Tk 2.25 billion to be entirely borne by the government with the project tenure being April 2010 to September 2012.
Khandaker said there was no discussion in the meeting about the progress of the Annual Development Programme (ADP) but he expressed the hope that the progress of ADP implementation would be better in the current fiscal.
The approved projects also include upgrading the Barisal Textile Institute to Abdur Rab Serniabat Textile Engineering College (Tk 600 million).
"The name of the college has been changed to honour a renowned politician of Barisal," said the planning minister.
ECNEC approves 10 dev projects
FE Team | Published: May 05, 2010 00:00:00 | Updated: February 01, 2018 00:00:00
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