Prime Minister Sheikh Hasina yesterday inaugurated Bangladesh Infrastructure Development Fund (BIDF), aiming to finance different development projects from the country's fund. BIDF formed to take funds from the foreign exchange reserves began its journey through financing capital and maintenance dredging in Ramnabad Channel of the Payra Port. To this end, a tripartite
The National Economic Council, presided over by Prime Minister Sheikh Hasina, yesterday approved the revised ADP.
Apart from the rail link project, allocations for the Matarbari 1,200MW coal-fired power plant and the Payra Deep-sea Port have been increased.
The allocation for the Mass Rapid Transit Line-6 (MRT-6), under which the country s first ever metro rail is being built, remained the same, according to documents.
Apart from the Padma bridge and the Rooppur power plant projects, the allocation for Chattogram-Cox s Bazar Rail Line was also reduced.
The eighth fast-track project, Rampal Power Plan, is not being funded by the ADP.
Most of the projects are running behind schedule largely due to uncertainty over funding, the Gulshan cafe attack in 2016, complexity over designs, planning, and land acquisition.
Payra Port continues to witness delays, cost spiral
The cost of two projects related to the much-hyped Payra Sea Port continues to shoot up and their completion is facing delays although the port belongs to the government s list of fast-track projects.
The lack of a proper feasibility study, inappropriate cost estimations and reluctance of the project officials are mainly responsible for the delays in the port s infrastructure development and the rising construction costs.
Most of the projects linked to the port faced delays while at least one proposal on costs has been revised so far.
Another such revised proposal will be placed in the meeting of the Executive Committee of the National Economic Council (Ecnec) today.
Payra port logs Tk 253cr in revenue so far
Planning minister visits the port
A dredger is seen in the Ramnabad channel near Payra port in Patuakhali. Photo: Sohrab Hossain Our Correspondent, Patuakhali Our Correspondent, Patuakhali
Some 106 oceangoing ships arrived at the Payra port since its inception, generating a revenue of Tk 253 crore for the government as of December 2020.
The port authorities shared the information with Planning Minister MA Mannan during his visit to the port area yesterday.
The minister inspected the progress of work of the first terminal under construction at the port, Ramnabad channel dredging activities and the progress of rehabilitation projects for the families affected by the land acquisition for the port.
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