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Ecnec clears Tk 25b project to turn country into digital economy

A total of 10 projects get green signal


December 08, 2021 00:00:00


The Executive Committee of National Economic Council (Ecnec) on Tuesday cleared the 'Enhancing Digital Government and Economy (EDGE)' project involving a huge amount of Tk 25.41 billion (2541.64 crore), aiming to turn Bangladesh into a digital economy, reports UNB.

Bangladesh Computer Council (BCC) under the ICT Division will implement the project in the country by December 2026 with the World Bank's finance of Tk 25.07 billion and the government's finance of Tk 345.9 million.

The approval of 10 projects placed by eight ministries came from the Ecnec meeting held with Ecnec Chairperson and Prime Minister Sheikh Hasina in the chair.

The PM joined the meeting virtually from her official residence Ganobhaban, while others were concerned from the NEC conference room in the city.

"A total of 10 projects-five new and five revised ones-were approved in today's meeting. The total estimated cost of the projects is Tk 74.47 billion (only additional costs of revised projects were counted here)," said Planning Minister MA Mannan while briefing reporters after the meeting.

Of the total cost, Tk 36.82 billion will be borne from the government fund, while Tk 1.54 billion will come from the funds of an organisation concerned and Tk 36.11 billion from foreign sources as soft loans, he said.

Talking about the EDGE project, Planning Commission's member Nasima Begum said the remaining works of building Digital Bangladesh will be done under the project.

The main project objective is to create a digital economy-friendly environment and provide policy support for development of the digital economy and thus face the challenges of the fourth industrial revolution by designing the strategies and action plans as well as creating skilled manpower and employment scopes.

The major operations of the EDGE project include procurement of ICT technology, software, office equipment and vehicles; procurement of consultancy services; training and research on digital economy and block allocation for facing post-Covid situation.

Ecnec also approved Comprehensive Infrastructure Development of Cumilla City Corporation Project involving Tk 15.38 billion, which will be implemented by December 2024.

The major project operations include construction of 15-storey modern city Bhaban (with two basement), employee's colony (dormitory), extension of regional offices and Mostafapur truck terminal as well as development of Chawkbazar bus terminal, acquisition of 10 acres of land, development of 146 graveyards, construction of roads, drainages and footpaths, construction of seven public toilets and tree plantation.

The three other fresh projects are "Climate Smart Agriculture and Water Management (CSAWM) (BWDB Part)" involving with Tk 11.83 billion, Establishment of Burn and Plastic Surgery Units at five medical college hospitals (Sylhet, Barishal, Rangpur, Rajshahi and Faridpur) with Tk 4.56 billion, and Rehabilitation of irrigation infrastructures with Tk 3.23 billion.

At the meeting, the Prime Minister directed the Water Resources Ministry and the Shipping Ministry to work in an integrated way in case of cross-cutting projects like dredging ones so that river banks remain protected, said MA Mannan.

Sheikh Hasina also asked the authorities concerned to take initiatives for setting up sports schools in all other divisions using the fallen lands (unused lands) not destroying arable lands.

Replying to a question, the Planning Minister said the revision of projects is a running problem. But there are also some practical problems here which lead to the revision of the projects. The problems are like changes in rate schedule, Covid-19 pandemic and land acquisition-related complexity.


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