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ECNEC approves another two metro rail projects


ECNEC approves another two metro rail projects

The Executive Committee of the National Economic Council (ECNEC) on Tuesday (Oct 15) approved another two metro rail projects involving an overall estimated cost of Taka 93,800 crore in a bid to address the traffic congestion in the capital and infuse more dynamism in the mass transportation system.

The approval came from the ECNEC meeting held at the NEC Conference Room in the city’s Sher-e-Bangla Nagar area with ECNEC Chairperson and Prime Minister Sheikh Hasina in the chair.

Briefing the reporters after the meeting, Planning Minister M A Mannan said that a total of 10 projects were approved Tuesday involving an overall estimated cost of Taka 1,00,025.23 crore.

“Of the total project cost, Taka 30,466.02 crore will be provided from the fund Government, Taka 515.84 crore from the concerned organizations’ own fund while the rest of Taka 69,043.37 crore from project assistance,” he added

The Planning Minister said that the Mass Rapid Transport (MRT) Line 1 and 5 would be implemented with an estimated cost of Taka 93,800 crore to tackle the traffic congestion.

Of the total cost of the two metro rail projects, Taka 25,232.60 crore will come from the state exchequer including grant amount while Taka 68,567.32 crore will be available as project assistance from the Japan International Cooperation Agency (JICA).

Dhaka Mass Transit Company Limited will implement both the projects.

The Planning Minister said that the ECNEC meeting was informed that the work for the two metro line projects would be completed within the stipulated timeframe and estimated cost.

(Compiled)

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