Experts commend the decision as timely, saying it will be wise to use retired government officials' skills and experience to expedite project implementation and ensure efficient usage of development funds
Khatunganj lost over Tk 514cr to waterlogging in 2020: study
Traders in Chattogram s Khatunganj incurred direct financial losses of around Tk 514.38 crore last year solely for waterlogging, estimated a study made public yesterday.
The damage occurred not only to stocks of the country s once top commodity trading centre and commercial hub but also through reduction in sales.
There was also damages to infrastructure and properties, loss of capital assets, cost of repairment and renovation and relocation of business cost.
Some of the non-financial impacts include mental trauma, anxiety or psychological pressure, demotivation of doing business and reputational damage, the study found.