• Saturday, August 15, 2020

Govt assures priority financing for 10 projects

Discussion in 'Bangladesh Defence Forum' started by bluesky, Jun 1, 2017.

  1. bluesky

    bluesky ELITE MEMBER

    Messages:
    9,511
    Joined:
    Jun 14, 2016
    Ratings:
    +7 / 10,822 / -8
    Country:
    Bangladesh
    Location:
    Japan
    01 Jun 2017, 18:19:46 | Updated : 01 Jun 2017, 18:25:55
    Govt assures priority financing for 10 projects

    [​IMG]
    Finance Minister Abul Maal Abdul Muhith on Thursday said the government would continue priority financing for the 10 large projects under ‘fast-track’ to accelerate their implementation.

    "Growth stimulating 10 large projects have been brought under 'fast-track' monitoring, and steps have been taken to accelerate their implementation," the finance minister said while unveiling the FY18 budget on Thursday.

    He said that the government would continue financing of these projects on priority basis and monitor their implementation closely.

    He also noted that the monitoring of implementation of projects under 10 ministries/divisions with large ADP allocations has been strengthened through regular meetings.

    Besides, initiative has been taken to improve coordination between the Economic Relations Division and development partners to ease the fund release processes of 20 largest aid-recipient projects, Muhith said.

    He informed the House that the government has taken steps to identify the low performing projects and appoint consultants for providing expert services to resolve implementation problems.

    "We have taken steps to form a pool of project directors and provided training to improve their efficiency," he said.

    The 10 fast track projects include Padma Multipurpose Bridge, Dhaka's Metro Rail, Payra Deep Sea Port, Sonadia Deep Sea Port, Padma Rail Link, Chittagong-Cox's Bazar Rail Network, Rooppur Nuclear power plant, Rampal power plant, Matarbari power plant and LNG Terminal, according to BSS.
     
    • Thanks Thanks x 1
  2. Mage

    Mage SENIOR MEMBER

    Messages:
    5,175
    Joined:
    Sep 18, 2016
    Ratings:
    +2 / 7,001 / -8
    Country:
    Bangladesh
    Location:
    Sweden
    Simply financing isn't enough. The work and the progress have to be continuously monitored. Every project in BD keeps getting delayed again and again. There has to be steps taken to prevent this.