We look at mega development projects underway in Bangladesh, spotlight major external stakeholders, and provide updates on the status of project completion.
China Railway Group Ltd, or CREC, the Beijing-based rail and infrastructure construction project provider, will build a global operational network dominated by regions, priority countries and key projects during the 14th Five-Year Plan period (2021-25), the company said in a statement on Thursday.
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.
Padma Rail Link Project: Chinese firm raises fund crunch alarm thedailystar.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailystar.net Daily Mail and Mail on Sunday newspapers.
SOE reforms, revamp receive fresh impetus By ZHONG NAN | CHINA DAILY | Updated: 2021-01-20 08:59 Share CLOSE A China Railway employee checks Fuxing high-speed trains at a service yard in Jinan, Shandong province, in April. [Photo/Xinhua]
Govt to push contractual management system for executives at all levels
China plans to complete more than 70 percent of the tasks of its three-year (2020-22) action plan by the end of this year, further pushing forward the mixed-ownership reform and reorganization process in its State-owned enterprises, a senior government official said on Tuesday.
The government will improve the market-oriented operational mechanism and promote contractual management systems for executives at all levels of SOEs this year, said Peng Huagang, secretary-general of the State-owned Assets Supervision and Administration Commission of the State Council.