NEC likely to approve Tk 1,53,331cr ADP for next FY

widenews desk: The National Economic Council (NEC) is likely to approve a Tk 1,53,331 crore Annual Development Programme (ADP) for the next fiscal year on Sunday, giving the highest priority to transport sector infrastructures.

The NEC meeting is set to be held on Sunday with NEC Chairperson and Prime Minister Sheikh Hasina in the chair.

Out of the original ADP allocation of Tk 1,53,331 crore, around Tk 96,331 crore will come from local sources while the rest of Tk 57,000 crore from foreign sources.

However, the overall ADP size in the next fiscal year will reach Tk 1,64,084 crore, including the allocation against the self-financed projects of various organisations.

The transport sector is about to get 26.77 % of the original ADP size in the next year, informed an official at the Planning Commission.

Out of the mega projects, the Padma Multipurpose Bridge Project is likely to get an ADP allocation of Tk 5524.36 crore in the next fiscal year followed by Padma Bridge Railway Link project Tk 7609.81 crore, proposed tunnel beneath the Karnaphuli River Tk 1,573.97 crore and Dhaka Mass Rapid Transit Development Project Tk 3,425.83 crore.

The power sector is going to get the second highest allocation of Tk 18,858.83 crore followed by education sector Tk 16,673 crore.

In the case of sector-wise allocation, physical planning, water supply and housing sector is likely to get an allocation of Tk 14,949.72 crore followed Tk 14,450 crore for science and technology sector.

Besides, rural development and rural institution sector is likely to get around Tk 13,154.84 crore, while health sector Tk 10,201 crore and agriculture Tk 6,006 crore.

As per ministry- and division-wise allocation, Local Government Division is likely to get the highest ADP allocation of Tk 21,464 crore followed by Tk 18,845 crore for Power Division, Tk 16,820 crore for Roads and Highways Division.

The Ministry of Railways is expected to get Tk 13,001 crore followed by Tk 10,602 crore by the Ministry of Science and Technology. The Ministry of Health and Family Welfare is likely to receive Tk 9,511 crore, while the Ministry of Primary and Mass Education Tk 8,751 crore, Bridges Division Tk 8,403 crore, Secondary and Higher Education Division Tk 6,164 crore and Water Resources Ministry get Tk 4,675 crore.

From the block allocation, the official said, an amount of Tk 8,913 crore has been earmarked for the new unapproved projects in the upcoming ADP of which Tk 7,802 crore will come from local sources while the rest of Tk 1,111 crore from foreign ones.

According to the working paper of the extended Planning Commission meeting, 90 new projects have been included in the proposed new ADP, raising the total number of projects to 1,195.

Out of these, the total number of investment projects will be 1,079, while the number of technical assistance projects 112. Some four projects to be financed from Japan Debt Cancellation Fund (JDCF).

The original overall ADP size, including that of self-financed projects, of the outgoing fiscal year was Tk 1,23,345.80 crore. The original ADP allocation ultimately reached Tk 1,10,700 crore excluding the self-financed projects.

source: unb