NEC approves Tk 1,23,345.80 cr ADP for FY17

Capture (669 x 430)DHAKA : The National Economic Council (NEC) on Thursday approved a Tk 1,23,345.80 crore overall Annual Development Programme (ADP), including that of self-financed projects for the next fiscal year (FY17), prioritising transport, education, power, rural development, health, and water sectors, reports UNB.
The approval came from the NEC meeting held at the NEC conference room with NEC Chairperson and Prime Minister Sheikh Hasina in the chair.
Briefing reporters after the meeting, Planning Minister AHM Mustafa Kamal said initially Tk 1,09,200 crore was proposed as original ADP for the next fiscal year.
But Prime Minister Sheikh Hasina, following demands from various ministries and divisions, has raised the original ADP allocation by another Tk 1,500 crore raising the original ADP size to Tk 1,10,700 crore.
Besides, the overall ADP has an allocation of Tk 12,645.80 crore for the projects under various autonomous organisations and corporations.
The allocation for the self-financed projects included an allocation of Tk 3,000 crore for six projects under the Power Division.
Out of the original ADP allocation of Tk 1,10,700 crore, the planning minister said, an amount of Tk 70,700 crore will come from the state coffer while Tk 40,000 crore as project assistance.
He also said the additional allocation of Tk 1,500 crore to the original ADP allocation will later be distributed among the ministries and divisions according to their demands.
The minister told the media that the new ADP for FY17 features a total of 1296 projects, including 1001 investment projects, 133 technical assistance projects, 7 projects from the JDCF and 155 projects from the organisations own fund.
According to a Planning Commission official, Tk 6,026.48 crore has been allocated for Padma Multipurpose Bridge project that has so far witnessed 34 percent overall progress.
The new ADP gives the highest priority to transport sector considering the development of the communication sector alongside the importance of the Padma Bridge followed by education and religious affairs sector, physical infrastructure, water supply and housing sector, power sector, rural development and rural institution sector, health, nutrition, population and family welfare sector, agriculture sector, science and ICT sector, water sector and public administration sector.
He said Prime Minister Sheikh Hasina at the meeting gave directives that one particular project director would not be able to engage in another project and the PDs would also not be allowed to leave their project areas except any specific reason.
“If it doesn’t yield better results, then the Prime Minister will take a hard line,” said the minister adding that Sheikh Hasina has also directed the relevant ministries, divisions, executing agencies and project directors to complete the project works during the stipulated time to be cost effective.
About those development schemes which are nearing completion, Hasina directed the authorities concerned to complete those without incorporating any new component.
In case of those projects which remained stagnant for over the years or have very slow progress, the planning minister said the Prime Minister has given the task to the relevant ministries to expedite their implementation progress, or else, those will be de-listed from the ADP projects.