Highest allocation Tk 15,691 cr for Rooppur Nuclear Power
Name of mega projects Allocation in upcoming budget (Amt in crore Taka)
Rooppur Nuclear Power Plant 15,691
Padma Bridge Project 5,000
Metro Rail Project 4,370
MaheshkhaliMatarbari Power Project 3,670
Payra Deep Sea Port 350
Railway project on Padma Bridge 3,685
Dohazari-Cox’s Bazar-Gundun Rail Line Project1,500
Bangabandhu Railway Project 2,743
Source: Planning Ministry
Abu Sazzad: The government plans to provide allocation for Tk 36,709 crore in the upcoming national budget for the fiscal year 2020-21 with a view to implementing the ongoing nine mega projects accordingly across the country.
Meanwhile, a total of Tk 35,318 crore has been allocated against nine mega projects in the FY20 Annual Development Programme (ADP) with Roopur Nuke Power getting the highest priority followed by Metro Rail and Padma Bridge projects.
According to Planning Ministry source, the government is emphasizing the implementation of the large mega projects to revamp the economy from the negative impact of the novel coronavirus outbreak.
Considering the present vulnerable situation of the country, the authorities concerned will discuss on the possible ways in the upcoming budget session to overcome the novel coronavirus outbreak, said the Planning Minister MA Mannan to the Daily Industry.
Already, the government plans to provide additional Tk 10,000 crore in the upcoming budget to tackle any emergency crisis concentrating the COOVID-19 pandemic. “We are trying our level best to recover the economic losses from the negative impact of the said global disaster and the upcoming budget would reflect many initiatives in this connection”, Mannan added.
Already, the Prime Minister declared worth Tk 100,000 crore stimulus loan packages to resume business and economic activities so that the stakeholders would be able to operate their business accordingly which was severely affected by the negative impact of COVID-19 pandemic, he said.
Commenting on the investment to the ongoing large mega projects, the Planning Minister said, apart from the health and agriculture sector, the next budget has proposed allocations to the government’s ongoing projects.
The allocation has been ensured according to the needs of the implementing agencies, he said. Although many have spoken of reducing costs due to novel coronavirus outbreak, the allocation for the project will not be reduced to maintain the continuity of development, he boldly said.
“For a country like Bangladesh, infrastructure-megaprojects are crucial drivers for accelerating economic growth. All the development projects usually get importance from us, but the mega projects see the highest priority because once they are implemented, the country will witness a huge socio-economic change,” said Planning Minister MA Mannan.
The Planning Minister also stressed the importance of completion of Padma Multipurpose Bridge and Metro Rail in the ‘recovery plan’ which would give a boost to the national economy.
The government is putting special importance to large infrastructure projects in the upcoming budget in order to ensure more progress of the dream projects in the next fiscal year.
However, in the upcoming budget, the government has proposed the highest allocation worth Tk 15,691 crore for the country’s first nuclear power plant, the Rooppur Nuclear Power Plant in Pabna
On the other hand, Padma Bridge Project is going to receive the second highest allocation Tk 5,000 crore, followed by Tk 4,370 crore for Metro Rail project, Tk 3,670 crore for Maheshkhali Matarbari Power project, Tk 350 crore for Payra Deep Sea Port, Tk 3,685 for the Railway project on Padma Bridge, Tk 1,500 crore for Dohazari-Cox’s Bazar-Gundun Rail Line project and Tk 2,743 crore for Bangabandhu Railway project.
In this backdrop, the Finance Minister AHM Mustaf Kamal is going to place the FY 2020-21 national budget in the parliament on June 11 (Thursday) for Tk 5.60 trillion which is the highest in the history of Bangladesh. Meanwhile, the size of annual development program (ADP) has been fixed at Tk 2.05 trillion.
Zahid Hussain, World Bank former lead economist has underscored the need for implementing the said mega projects promptly because it can play a positive role for the country’s economic development after the novel coronavirus outbreak.