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Summarized and contextualized by DistantNews.
At a glance
- Bangladesh's Executive Committee of the National Economic Council (Ecnec) approved 10 projects but deferred two others for review.
- The deferred projects include purchasing oil tankers and a river protection initiative, with concerns over potential duplication and integrated planning.
- The meeting, chaired by Prime Minister Tarique Rahman, aimed to streamline development initiatives and ensure efficient resource allocation.
The Executive Committee of the National Economic Council (Ecnec) in Bangladesh has approved 10 development projects while deferring two others for further review. State Minister for Planning Zonayed Abdur Rahim Saki announced the decisions following a meeting chaired by Prime Minister Tarique Rahman.
Two projects were put on hold due to concerns about overlapping with existing or planned initiatives. One deferred project involves the acquisition of two product oil tankers with capacities between 4,000 and 55,000 tonnes, estimated at Tk 1,457.80 crore, funded by government resources. This decision was made to assess its potential overlap with another initiative to procure four similar vessels, for which a memorandum of understanding was signed during the Prime Minister's recent visit to China.
The project was put on hold to assess its overlap with another initiative to purchase four similar vessels, for which a memorandum of understanding was signed during the PMโs recent visit to China.
The second deferred project is the Tk 567.04-crore "Metro Dhaka Project: Goran Chatbari Retention Pond and Turag River Protection and Conservation Project." This project includes a World Bank loan of Tk 424.73 crore and Tk 142.31 crore in government funding. Saki explained that this project was deferred as the government is preparing an integrated plan for the rivers and water bodies situated between the Turag and Buriganga rivers, where approximately 11 projects are currently underway.
The project was deferred as the government is preparing an integrated plan for the rivers and water bodies between the Turag and Buriganga, where about 11 projects are currently being implemented.
Originally published by Daily Star. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.