• Thursday, Nov 15, 2018
  • Last Update : 01:38 am

Ecnec approves railway’s rolling stock dev project

  • Published at 10:35 pm June 26th, 2018
  • Last updated at 10:35 pm June 26th, 2018
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Tribune File Photo

Tk8,722 crore also allocated for 560 model mosques in each upazila

The Executive Committee of the National Economic Council (Ecnec) on Tuesday gave the nod to the Bangladesh Railway Rolling Stock Operations Development Project involving Tk3,602.07 crore in a bid to further improve the services of Bangladesh Railway through replacing the old and dilapidated rolling stocks.

The approval came from the 27th and last Ecnec meeting of the outgoing fiscal year held at the national Economic Council conference room in the city’s Sher-e-Bangla Nagar area with Ecnec Chairperson and Prime Minister Sheikh Hasina in the chair.

After the meeting, Planning Minister AHM Mustafa Kamal said a total of 14 projects were approved today involving an overall estimated cost of Tk16,147.07 crore.

“Of the total project cost, Tk13,283.64 crore will come from the government, Tk23.89 crore from the organization’s own fund while the rest of Tk2,839.54 crore from project assistance,” he added.

Of the approved 14 projects, nine are new while five are revised projects.

The minister also said out of the total project cost, Tk3,602.07 crore for the procurement of rolling stock project, Tk765.53 crore will come from the state exchequer while the rest of Tk2,839.54 crore will come as project assistance from the Asian Development Bank (ADB).

Bangladesh Railway will implement the project by June 2021.

Under the present circumstances, the project has been drafted and approved to procure some 40 broad gauge (BG) diesel electric locomotives, some 75 metre gauge (MG) and 50 broad gauge luggage vans, some 400 MG and 300 BG bogie covered wagons, 180 MG and 120 BG bogie open wagons.

Referring to the approval of establishing some 560 model mosques and Islamic cultural centres (1st revised) in each upazila with Tk8,722 crore, Mustafa Kamal said as the fund has not so far been came from Saudi Arabia, the government has decided to implement it with own fund.

If the government gets the fund, it will be used for another purpose in future, he added.