Dhaka Saturday, May 18, 2024

ECNEC okays project to boost Indo-Bangla trade
  • Staff Correspondent
  • 2020-08-18 22:16:06

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved a Taka 845.53 crore project to widen the Baroiarhat-Heyako-Ramgarh Road in a bid to boost import and export as well as trade and commerce between neighboring India and Bangladesh, reports BSS.

The approval came from the 5th ECNEC meeting of the current fiscal year (FY21) held virtually with ECNEC Chairperson and Prime Minister Sheikh Hasina in the chair. The premier chaired the meeting from her official Ganabhaban residence while Planning Minister MA Mannan also attended the meeting from there.

Ministers, state ministers and secretaries concerned joined the meeting virtually from the NEC Conference Room in the city’s Sher-e-Bangla Nagar area.

Briefing the reporters virtually after the meeting, Planning Minister MA Mannan said, “A total of 7 projects were approved with an overall estimated cost of Taka 3,461.97 crore. Of the total project cost, Taka 2,619.79 crore will come from the government fund while the rest Taka 842.18 crore from the foreign sources.”

Of the approved seven projects, six are new while another is a revised project.

The planning minister said the Roads and Highways Department under the Road Transport and Highways Division will implement the road widening project at Ramgarh upazila in Khagrachhari by June 2022. Of the total project cost of Taka 845.53 crore, Taka 581.20 crore will come from the Indian Line of Credit.

He said once this road with Tripura of India is developed and improved, the trade and commerce alongside export and import between Bangladesh and India especially between Tripura and Chattogram and Cox’s Bazar would get a boost. “It will be a win-win situation for both India and Bangladesh,” he added.

Mannan said the Prime Minister during the meeting directed the authorities concerned not to include the component of building a duckbunglo (rest house) under the project, rather to come up with an integrated project to build (duckbunglos) and rest houses where those are deemed to be needed.

He also informed that a proposal for setting up a border haat (market) at Ramgarh is also under active consideration.

Referring to the approval of the upgrading of Daudkandi-Goalmari-Srirayerchar (Cumilla)-Matlab Uttar (Chengarchar) district highway with Taka 524.37 crore, the planning minister said Prime Minister Sheikh Hasina has opposed with the proposal of toll-free road rather to realize toll for cost recovery.

The premier also opined that sufficient fund is required to construct and maintain roads and highways and for this reason these should not be toll-free.

She also stressed the need for improving the feeder roads which eventually link the roads and highways as well as replacing the old and dilapidated bridges with the new ones.

While giving approval to two water sector projects in today’s meeting, Mannan said the premier noted that due to river erosions nowadays, many infrastructures like school buildings are vanishing and for the infrastructures should not be built here and there along the banks of the big rivers. “Rather, the infrastructures should be built after knowing the character of the rivers,” Mannan said quoting the premier.

The planning minister said the premier also asked the authorities concerned to develop a model as how to relocate the endangered infrastructures like schools, colleges and madarashas built along the river banks which are vulnerable to river erosion.

The prime minister also renewed her vow to dredge the rivers and canals to cope with the usual flood.

Mannan said the premier has also asked the Ministry of Water Resources to conduct a study over the operations, effectiveness of the sluice gates across the country as most of those do not work. She also suggested them not to construct any new sluice gate.

He said that the Taka 61.06 crore pilot project for extracting Tuna and homogenous fishes at deep sea would explore the potentials for extracting such high value fishes at the exclusive economic zone of Bangladesh at the Bay of Bengal.

This project would also help lure more private investment in extracting such kind of fishes.

When asked about the criticism of some think tanks about the attainment of 5.24 percent GDP growth in the last fiscal year (FY20), Mannan said he would not go for any debate with anyone or any organization over the matter.

“BBS (Bangladesh Bureau of Statistics) is a credible organization and it is being run with trained persons and professionals. We’ve full trust and confidence in their works and what they have done is right,” Mannan added.

The planning minister said Prime Minister Sheikh Hasina in the meeting extended thanks

Govt hikes gas price used in power production by Tk0.75 per cubic metre
Soybean oil has decreased by Tk 10 per litre
Bangladesh Economic Association proposes 70% tax on cigarettes, tobacco