ECNEC Approved USD 612 Million for Roads, Agriculture & Export Diversification

In the  2nd ECNEC meeting of the fiscal year (FY20) approved eight projects involving USD 612 Million or BDT 5142 Corror. Of the total project cost, BDT 4,129.81 crore will come from the Government Fund while Taka 1,012.55 crore from project assistance.

2nd ECNEC meeting of the 2019-2020

Eight project  – $612 Million

2nd ECNEC meeting of the fiscal year (FY20) Project Cost in Corror Taka  Type of project 
Bangabandhu Hi-Tech City-2 Project with Taka 344.93 crore 344.93  Economic Zone
Overhauling and widening of main road from Holiday Circle-Bazarghata-Larpara (bus Stand) under Cox’s Bazar town  258.82  Road and Transport
Establishment of telecommunication network at Mirsarai Economic Zone in Chattagram  61.90  Economic Zone
Irrigation development at Pabna-Natore-Sirajganj upazilas through using surface water  560.53  Agriculture
Chittagong Hill Tracts rural development project 2nd phase 224.50  Rural Development
Veterinary Public Health Service strengthening project for protecting public health  73.26 crore Education
Export competitiveness for jobs project, 1st Revised 1,012.12 Industry
Devlopment of roads in Dhaka Division  2,606  Road and Transport

Export Diversification

RMG sector constitutes 82 percent of exports of Bangladesh. To diviersify, the export market World Bank Backed project Export Competitiveness for Jobs received 120 Million USD. The project aims to improve the competitiveness of existing and potential export-oriented industries such as leather, footwear, plastics, and light engineering what aims to create 90,000 jobs in non- Ready Made Garment (RMG) export sectors. World Bank providing  $100 million financings which provides grants or zero-interest loans, has a 38-year term, including a six-year grace period, and a service charge of 0.75 percent .

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Development of roads in Dhaka Division

The project includes some 1001.51 kilometers road and 240 intersections development and construction of 5,857 meters of bridges and culverts as well as 30 kilometers drain and some 12,000 square meters of slope protection. The project will be implemented at 67 Upazilas in 13 districts of Dhaka Division

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