NEWS FLASH DESK
The National Economic Council (NEC) today approved a Tk 1,53,331 crore Annual Development Programme (ADP) for fiscal year 2017-18 (FY18), giving top priority to transport sector infrastructures, energy, education and health.
The approval came at the NEC meeting held at its Conference Room in Sher-e-Banglanagar with NEC Chairperson and Prime Minister Sheikh Hasina in the chair.
Of the Tk 1,53,331 crore original ADP, Tk 96,331 crore will come from the national exchequer while the remaining Taka 57,000 crore will come as project assistance.
The original size of the ADP for FY18 is up by 39 percent or Tk 42,533 crore from Tk 1,10,700 crore of the current fiscal year's (FY17) ADP.
Briefing journalists after the meeting Planning Minister AHM Mustafa Kamal said the government has kept Tk 10,753 crore for the development expenditure of corporations and autonomous bodies for FY18 fiscal and with this allocation the size of the overall ADP has stood at Tk 1,64,084 crore.
In the new ADP, rural development, transport, education, power, health, and water sector are given the highest priority.
Local Government Division has been given the highest allocation of Tk 21,464 crore and the power sector has received the second highest allocation of Tk 18,859 crore while the Roads and Highways Division got the third highest allocation of Tk 16,820 crore. In the power sector Rooppur Nuclear Power Project has been given an allocation of Tk 10,000 crore.
The government has kept Tk 5524.36 crore for mega Padma Multipurpose Bridge Project and Tk 7609.81 crore for Padma Bridge Railway Link as the priority projects.
Proposed tunnel beneath the Karnaphuli River has been given an allocation of Tk 1,574.97 crore while Dhaka Mass Rapid Transit Development Project has received an allocation of Tk 3,425.83 crore.
The Railways Ministry got an allocation of Tk 13,001 crore followed by Tk 10,602 crore for the Science and Technology Ministry, the Health and Family Welfare Ministry with an original ADP allocation of Tk 9,511 crore, the Primary and Mass Education Ministry got Tk 8,751 crore, the Bridges Division got Tk 8,403 crore, the Secondary and Higher Education Division got Tk 6,164 crore while the Water Resources Ministry got Tk 4,675 crore.
The government has included a total of 90 new projects in the new ADP, increasing the total number of projects to 1,195.
Out of these, the total number of investment projects is 1,079, while the number of technical assistance projects is 112.
Four projects will be financed from the Japan Debt Cancellation Fund (JDCF). Besides, some 36 projects have been kept for completion under the Public-Private Partnership (PPP) initiative.
Some 411 projects have been kept for completion in the next fiscal year of which some 378 projects are investment projects.
Kamal said implementation rate of the Annual Development Programme (ADP) for the first 10 months of the current fiscal year (2016-17) (July-April) was 55 percent with an expenditure of Tk 65,000 crore.