Govt plans Tk 14,876cr infrastructure spending

http://www.theindependentbd.com/business/finance/32642-govt-plans-tk-14876cr-infrastructure-spending.html

Govt plans Tk 14,876cr infrastructure spending
STAFF REPORTER

DHAKA, FEB 3: In the Sixth Five Year Plan (SFYP), the government aims to connect all rural areas with national road network in order to provide basic social access and promote pro-poor growth, along with neighbouring countries, through regional cooperation forums. Over the next five years, the government would invest about Tk. 14,876 crore in developing the transport system.

According to the SFYP, about 5,416 km of new roads would be constructed over next five years. There would also be 7,809 km of rehabilitation, 45,107 metres of bridge, culverts and overpass constructions, 6,229 metres of bridges and culverts would be reconstructed, and 730 metres of tunnel would be constructed during the period.

Communication minister Syed Abul Hossein, shipping minister Shahjahan Khan, civil aviation and tourism minister GM Quader, chairman of university grant commission Prof. Nazrul Islam, former adviser Prof. Jamilur Reza Chowdhury, secretaries of concerned ministries, transport and urban experts and high officials, among others, were present at the dialogue.

GED member Dr Shamsul Alam placed a presentation on the topic.

Political and economic philosophy of the present grand-alliance government has been reflected in Vision 2021, planning minister AK Khandaker said, adding, “This perspective plan will be materialised through implementing two five years plan.”

He was addressing as the chairman of the national dialogue of SFYP on “Transport services for reducing trade logistic cost”, organised by general economic division of Planning Commission, at the conference room of national economic council (NEC), at Sher-e-Banglanagar. He assured that the suggestions of experts and ministries would be incorporated in the plan, to achieve GDP growth of 8 per cent, and to make a country a middle income one by 2021.

Communication minister Syed Abul Hossein said the government had undertaken a number of initiatives for development of railways.

Criticising the previous government, he pointed out that the four-party alliance government had not taken any initiative to develop the railways.

He further said that necessary suggestions and opinions would be received from the communication ministry, within one week, which will be incorporated in the plan.

Shipping minster Shahjahan Khan alleged that the suggestions placed by Bangladesh Inland Water Transport Corporation (BITWC) had not been incorporated in the plan.

Civil aviation and tourism minister GM Quader said that the tourism sector needs to be emphsised in the SFYP.

GED member Dr Shamsul Alam said in his presentation that traffic is forecasted to grow by three times over the next 20 years, leading to a need to increase capacity significantly.
Maintenance needs a higher priority, more resources, improved management and better quality, he added.

Alam proposed to increase Bangladesh railway market share from 4 per cent-15 per cent in freight transport, 10 per cent-15 per cent in container transport between Dhaka and Chittagong port.

He further recommended introduction of modern technology, such as metro rail, mono rail and electric traction, particularly for Dhaka city, as well as improvement of financial performance through efficiency measures.

Advertisements

One response to “Govt plans Tk 14,876cr infrastructure spending

  1. Pingback: Tweets that mention Govt plans Tk 14,876cr infrastructure spending | Bangladesh Economic News -- Topsy.com