NEC approves Tk 1808b ADP

The National Economic Council (NEC) on Thursday approved the highest ever Tk 1,808.7 billion Annual Development Programme (ADP) for the next fiscal (2018-2019), including the organisations own fund, reports UNB.

The approval came at the NEC meeting held at the NEC conference room with its chairperson and prime minister Sheikh Hasina in the chair.

The next ADP will focus on accelerating the construction works of some mega infrastructure projects like Padma bridge, Rooppur nuclear power plant, Karnaphuli tunnel, Matarbari power plant, Padma bridge rail link and Dhaka metro rail.

An overall amount of Tk 1,808.7 billion Annual Development Programme (ADP) fund has been approved for the next fiscal year, said planning minister AHM Mustafa Kamal while briefing newsmen after the meeting.

Of the amount, Tk 1,198.1 billion will come from local sources while Tk 610.58 billion from foreign sources.

Excluding the state-owned autonomous organisations own fund of Tk 78.69 billion, the original ADP size for the next fiscal year stands at Tk 1730 billion, which is 16.59 per cent or Tk 246.19 higher than that of the revised allocation for the current fiscal year of 2017-2018.

The mega projects like Rooppur power plant, Dhaka metro rail, Karnaphuli tunnel and Matarbari coal-based power plant projects witnessed higher allocations in the new ADP.

The ADP was approved for the next fiscal year considering the demands, achievements, capacity and previous performances of the concerned ministries and divisions in the outgoing fiscal year.