Monday, 20 August 2018
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NEC likely to approve Tk 1,80,870cr ADP for FY19

Raj Abrar: The National Economic Council (NEC) is expected to approve an overall Taka 1,80,869.17 crore Annual Development Programme (ADP) today for the next fiscal year, reports BSS.According to a Planning Commission official, the next ADP, anticipated to be the highest development budget in the history of the country, will emphasize on speeding up the construction works of several mega infrastructure projects like the Padma bridge, Rooppur nuclear power plant, Karnaphuli tunnel, Matarbari power plant, Padma Bridge rail link and Dhaka metro rail.NEC Chairperson and Prime Minister Sheikh Hasina will preside over the meeting at the NEC conference room in the capital’s Sher-e-Bangla Nagar.The official elaborated that of the overall ADP, Taka 1,19,810.95 crore is likely to come from local sources while Taka 61,058.22 crore from foreign sources.The Planning Commission official said the original ADP outlay for the next financial year 2018-19 is 16.59% or Tk 24,619 crore – higher than that of the revised allocation for the current fiscal year of FY2018.The official also revealed that the allocation may be increased by Prime Minister Sheikh Hasina if the demands of various ministries and divisions are deemed logical.

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