Eleven projects get nod

Unb, Dhaka
The Executive Committee of the National Economic Council (Ecnec) yesterday approved 11 development projects involving Tk 2,318 crore, including construction of Inland Container Terminal at Ashuganj Port at a cost of Tk 246 crore. With Ecnec Chairperson and Prime Minister Sheikh Hasina in the chair, the approvals were given at its meeting held at the NEC conference room in the city's Sher-e-Banglanagar. “Of the total project cost of Tk 2,318 crore, Tk 1,391 crore will come from the government exchequer while Tk 927 crore as project assistance,” said Planning Minister AK Khandker while briefing reporters after the meeting. Answering a question, the Planning Minister said the container terminal at Ashuganj port will be constructed for the self-interest of the country, adding that India may use the port in future by paying charges or fees. The project will be implemented by the Bangladesh Inland Water Transport Authority (BIWTA) under the Shipping Ministry. Of the total cost of the project, Tk 219 crore will be borne from India's $1 billion line of credit, while Tk 27 crore from the government exchequer. The Ecnec meeting also approved three railway sector projects under the $1 billion Indian line of credit.