ECNEC okays housing project worth Tk 90.31b

ECNEC okays housing project worth Tk 90.31b
FE Report

The government’s highest economic policy making body ECNEC Tuesday approved a project worth Tk 90.31 billion in a bid to build 20,000 residential flats at Uttara in the capital for the lower and middle-income group people.

The Housing and Public Works Ministry will build 16-storied 240 residential buildings at Sector-18 at Uttara by June 2016 and handover the flats to the selected customers.

Presided over by Prime Minister Sheikh Hasina the Executive Committee of the National Economic Council (ECNEC) meeting revised the ambitious Hatirjheel-Begunbari project raising cost by three billion taka to Tk19.71 billion for the second time.

The government’s highest policy-making body also approved 12 other development schemes with a combine cost of Tk47.33 billion.

In 2007, the government undertook the ambitious Hatirjheel canal integrated development project including Begunbari area project to retain the Hatirjheel-Begunbari canal and develop its both sides as an attractive tourist spot spending Tk 14.73 billion by June 2010.

But the project implementing agencies including an engineering construction battalion of Bangladesh Army, RAJUK, Local Government and Engineering Department and Dhaka WASA have failed to complete the project in time due to complexities over the land acquisition.

The ECNEC in 2008 revised the scheme again increasing the cost to Tk 16.73 billion as the implementers sought more funds and time for completing the project.

As the estimated project cost has been escalated further and it will require some more time, the ECNEC revised the project at its meeting again Tuesday.

Under the Hatirjheel-Begunbari project, the implementers will do development works including construction of roads and bridges at both the sides of the canal, flyovers, overpasses, expressways, service roads and walkways, floating gardens, bus-stands, parking-lots etc.

Among the 12 other projects the ECNEC endorsed schemes including Tk 13.79b cost Identification System For Enhancing Access to Services Project of the Election Commission, Tk 470 million worth project for expansion and strengthening of Bangladesh Standards and Testing Institution (BSTI) at 5 districts, Tk 2.20 billion Bangabandhu Safari Park (1st revision) project.


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