• Monday, Oct 18, 2021
  • Last Update : 03:31 am

ED: Delays continue to plague our economy

  • Published at 10:54 pm October 13th, 2021
Photo: SYED ZAKIR HOSSAIN
Photo: SYED ZAKIR HOSSAIN

Delays significantly increase the cost of any project

Bangladesh may have made significant progress as an economy since 2008, but among the most glaring issues that prevails is its inability to complete projects in a timely manner. 

For example, the government took the initiative to upgrade the Rampura-Amulia-Demra (RAD) road to an expressway in 2015 to reduce traffic congestion in Dhaka. Yet, due to the all-too-familiar issues of inefficiency and disregard, there is no end in sight for this project. 

The fact that construction work has yet to start, despite the project having been initiated six years ago, is simply inexcusable and embarrassing. Naturally, there is plenty of finger-pointing as to the reason for this delay, but the fact of the matter is that a project cannot have been greenlit for six years without anything to show for it. 

What makes this even more infuriating is the fact that the project is a public-private partnership (PPP) initiative with Chinese investors involved, and these delays paint an extremely negative image of Bangladesh to potential partners and investors. 

Delays, in addition to the deteriorating reputation they bring to our nation, also significantly increase the cost of any project -- costs that often go up by thousands of crores. Most worryingly, however, they push back the potential benefits, be they economic or convenience, that the project would bring to the country and our people at large. 

Bangladesh is well on its way to achieving some significant milestones over the next two decades. However, if this culture of delays continues to persist, we may never reach our full potential as a nation.

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