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6 December, 2017 00:00 00 AM
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Timely funds release demanded to expedite ongoing projects

STAFF REPORTER

Secretaries and project directors (PD) have demanded timely release of allocated funds to expedite the implementation of a set of ongoing projects involving an outlay of over Tk 350 crore.

The plea was made in a review meeting, chaired by planning minister AHM Mustafa Kamal, on the progress of 86 projects held at the NEC conference room at Sher-e-Bangla Nagar in the capital on Monday.

Briefing reporters after the meeting, Mustafa Kamal said he had called the secretaries and PDs to enquire about the progress of the big projects. He also said that there are 86 projects involving over Tk 350 crore under 24 ministries and divisions.

As much as 57 per cent of the total Annual Development Programme (ADP) outlay has been allocated to these projects in the current fiscal year.

However, the implementing agencies could only spend 18 per cent of the total allocation till October, he added.

“I'm hopeful about achieving a higher rate in this fiscal year because of the favourable climate prevailing in the country,” the minister said.

“If there is no natural disaster, we'll achieve the highest rate this fiscal year. I sat with the secretaries and PDs concerned to discuss this issue,” he added.

Mustafa Kamal also said he would try to meet the demand of the implementing agencies to speed up work. All the projects are on track, he added.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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