A modern, high-speed railway system would prove instrumental in catalyzing productivity
The economic progress of any given nation is inextricably tied to the quality and efficiency of its infrastructure. While Bangladesh has witnessed a dramatic rise in its economy over the last decade, the lacklustre nature of our land infrastructure has obviously kept our economic upturn from reaching its true potential.
Which is why the government’s recent focus on improving our railway sector, as part of the new national budget, is timely and in line with their ambitions for the economy.
The government has undertaken a 30-year master plan spanning from 2016 to 2045 -- and as many as 230 projects have been identified under the plan for implementation within that period. Under the plan, projects such as the expansion of the railway network, construction of new railway lines, repairing existing railway tracks, and others, are said to be underway already.
This is exactly the kind of pro-active foresight that we wish to see from the government.
In addition to the obvious effect that improved railway infrastructure would have on business and commerce within the country, high-speed railway connections also possess the potential to further decentralize Bangladesh, where the brunt of all economic activity is concentrated in the capital Dhaka.
As it stands, decentralization is particularly difficult because of the snail’s pace at which traffic in the country moves, especially within the capital. A modern, high-speed railway system would prove instrumental in catalyzing productivity and our long-term economic trajectory.
A poor internal infrastructure will inevitably prove detrimental to a nation’s economic progress, and the government’s commitment towards improving our own is nothing short of commendable.