ECNEC approves 4 projects worth Tk 2115.20cr
Published: 04:47 PM, 1 December 2020 Updated: 04:52 PM, 1 December 2020
ECNEC approves 4 projects worth Tk 2115.20cr; Photo: PID
The Executive Committee of the National Economic Council (ECNEC) today approved four projects, including the installation of a third submarine to expand the country’s international telecommunications system.
The approval came from a meeting of the ECNEC held today with its Chairperson and Prime Minister Sheikh Hasina in the chair.
Briefing reporters virtually after the meeting, General Economics Division (GED) member of the Planning Commission Prof Dr Shamsul Alam said that the day’s meeting approved a total of four projects involving an overall estimated cost of Taka 2,115.20 crore. “Of the total project cost, Taka 1,440.87 crore will come from the Government of Bangladesh portion, Taka 300.83 crore from the concerned organization’s own fund while the rest of Taka 373.50 crore as project assistance,”
The Prime Minister and ECNEC Chairperson Sheikh Hasina virtually presided over the meeting held at the NEC conference room in the capital's Sher-e-Bangla Nagar from her Ganobhaban resident.
General Economics Division (GED) member of the Planning Commission Prof Dr Shamsul Alam briefed reporters after the meeting.
Dr. Shamsul Alam said the four approved projects are important for economic transformation. In this case, the river re-excavation project will play a special role in the implementation of the delta plan. Apart from this, two telecommunication projects including the installation of third submarine cable are very important due to the formation of Digital Bangladesh and the huge increase in demand for broadband in the Covid-19 situation. In addition, the Municipal Governance and Services project will play a major role in ensuring services for the citizens of the city in the implementation of SDGs.
Of the approved four projects, one is a fresh project while the rest of the three others are revised projects.
Planning Commission member of the Physical Infrastructure Division Mamun-Al-Rashid said that Bangladesh Submarine Cable Company Limited (BSCCL) under the Ministry of Post, Telecommunications and ICT will implement the 3rd submarine cable project by June 2024.
He informed that the SEA-ME-WE-6 submarine cable from Singapore to France will extend to the Mediterranean Sea through the Indian Ocean, Arabian Sea and the Red Sea.
The cable will have core landing stations in Singapore, India, Djibouti, Egypt and France. The Bangladesh branch will stretch to the cable landing station at Cox’s Bazar through the Bay of Bengal.
With the installation of the new submarine cable, Bangladesh will get 6 terabytes per second of bandwidth that will boost internet speed and help launch 5G services in the country.