Riyad
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12:00 AM, August 31, 2016 / LAST MODIFIED: 12:34 AM, August 31, 2016
Three projects funded by India get nod
Star Business Report
The Executive Committee of the National Economic Council yesterday approved three projects to be funded largely by India.
Of the projects, a medical college and hospital and a nursing college will be set up in Jamalpur at a cost of Tk 717 crore. Of the total cost, Tk 280 crore will come from Indian soft loans.
A six-storey hospital building and an academic building will be constructed under the project that is expected to be complete by 2019.
Hostels for the students and residential buildings for the doctors, teachers and employees will be built and modern medical equipment will be purchased for the hospital.
Under the second project that involves Tk 581 crore, Bangladesh will purchase buses for BTRC; Tk 434 crore will come from the Indian line of credit. Under the project, 600 different types of buses will be procured by 2018: 300 double-decker buses, 100 single-decker air-conditioned buses, 100 single-decker AC inter-city buses and 100 single-decker non-AC buses.
The third project approved was worth Tk 217 crore to purchase 500 trucks for BTRC; the Indian loans will account for Tk 158 crore.
Under the project, 350 trucks having a 15-tonne capacity and 150 trucks having a 10-tonne capacity will be purchased by 2018.
At present, the BTRC trucks carry goods of different ministries, including the directorate of food, BG Press, Bangladesh Railway, Karnaphuli Paper Mills, Biman Bangladesh Airlines and PDB, the planning ministry said in its proposal.
Seasonal fruits, poultry, medicine are all carried by BRTC trucks; during natural disasters like floods, relief goods are also carried by these trucks.
Indian Prime Minister Narendra Modi during his visit to Dhaka in June last year announced a plan to give $2 billion in soft loans to Bangladesh.
In March, India's Exim Bank signed a loan agreement with Bangladesh, fixing the rate of interest at 1 percent with a repayment period of 20 years, including a five-year grace period.
This is the first time Ecnec approved projects under the loan, in a meeting chaired by Prime Minister Sheikh Hasina.
Two other projects approved yesterday will be implemented with the government's own funds.
One is to construct a road-cum-embankment at the seaside of Mirsarai Economic Zone in Chittagong at a cost of Tk 1,163 crore.
The area under the economic zone is 2,678 hectares, with 1,486 hectares of government land reclaimed from the Bay of Bengal, according to the ministry proposal.
The project that will be completed by 2019 has been taken to prevent erosion of the coastal embankment by cyclones and tidal surges.
The other project under the government's own funds is worth Tk 127 crore to strengthen the Police Bureau of Investigation.
Modern equipment will be procured for the police agency to conduct investigations. With the fund, 10 crime-scene vans, 64 double-cabin pickups and 110 motorcycles, 7 micro-buses and 9 Jeeps will also be procured.
http://www.thedailystar.net/business/three-projects-funded-india-get-nod-1278274
Three projects funded by India get nod
Star Business Report
The Executive Committee of the National Economic Council yesterday approved three projects to be funded largely by India.
Of the projects, a medical college and hospital and a nursing college will be set up in Jamalpur at a cost of Tk 717 crore. Of the total cost, Tk 280 crore will come from Indian soft loans.
A six-storey hospital building and an academic building will be constructed under the project that is expected to be complete by 2019.
Hostels for the students and residential buildings for the doctors, teachers and employees will be built and modern medical equipment will be purchased for the hospital.
Under the second project that involves Tk 581 crore, Bangladesh will purchase buses for BTRC; Tk 434 crore will come from the Indian line of credit. Under the project, 600 different types of buses will be procured by 2018: 300 double-decker buses, 100 single-decker air-conditioned buses, 100 single-decker AC inter-city buses and 100 single-decker non-AC buses.
The third project approved was worth Tk 217 crore to purchase 500 trucks for BTRC; the Indian loans will account for Tk 158 crore.
Under the project, 350 trucks having a 15-tonne capacity and 150 trucks having a 10-tonne capacity will be purchased by 2018.
At present, the BTRC trucks carry goods of different ministries, including the directorate of food, BG Press, Bangladesh Railway, Karnaphuli Paper Mills, Biman Bangladesh Airlines and PDB, the planning ministry said in its proposal.
Seasonal fruits, poultry, medicine are all carried by BRTC trucks; during natural disasters like floods, relief goods are also carried by these trucks.
Indian Prime Minister Narendra Modi during his visit to Dhaka in June last year announced a plan to give $2 billion in soft loans to Bangladesh.
In March, India's Exim Bank signed a loan agreement with Bangladesh, fixing the rate of interest at 1 percent with a repayment period of 20 years, including a five-year grace period.
This is the first time Ecnec approved projects under the loan, in a meeting chaired by Prime Minister Sheikh Hasina.
Two other projects approved yesterday will be implemented with the government's own funds.
One is to construct a road-cum-embankment at the seaside of Mirsarai Economic Zone in Chittagong at a cost of Tk 1,163 crore.
The area under the economic zone is 2,678 hectares, with 1,486 hectares of government land reclaimed from the Bay of Bengal, according to the ministry proposal.
The project that will be completed by 2019 has been taken to prevent erosion of the coastal embankment by cyclones and tidal surges.
The other project under the government's own funds is worth Tk 127 crore to strengthen the Police Bureau of Investigation.
Modern equipment will be procured for the police agency to conduct investigations. With the fund, 10 crime-scene vans, 64 double-cabin pickups and 110 motorcycles, 7 micro-buses and 9 Jeeps will also be procured.
http://www.thedailystar.net/business/three-projects-funded-india-get-nod-1278274
