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PPP revolving fund gets Tk300m

  • Published at 06:34 pm November 5th, 2013

The government disbursed has Tk300m for a Tk1bn revolving fund under the public-private partnership office as seed money to develop infrastructures.

With the amount, the total disbursement has reached Tk400m for what is known as public-private partnership fund (PPPF), said officials.

The revolving scheme was initiated two years ago to supply seed money for the PPP projects.

Currently, a number of projects- small and big- are waiting to be launched shortly.

The first PPP project will be the setting up of dialysis machines in Dhaka and Chittagong medical college hospitals, said Finance Minister AMA Muhith.

An elevated highway connecting Dhaka city with Hazrat Shahjalal International Airport will be constructed under the PPP initiatives.

Italian-Thai Development Corporation Limited (ITD) is the construction firm of the over $1.4bn project.

“We want to start construction works of the elevated expressway project. ITD has already communicated with us about it,” said Md Atiquzzaman, executive director and CEO of Bangladesh Infrastructure Finance Fund Limited.

Bangladesh Infrastructure Finance Fund Limited working under finance ministry is the funding authority of the PPP projects.

He further said “A meeting with the ITD may be held on November 4 at the BIFFL office”.

Besides, metro rail project will also be implemented under the PPP initiative. Prime Minister Sheikh Hasina laid foundation stone of the project three years back.

“We expect the metro rails project works will also begin soon,” Atiquzzaman told the Dhaka Tribune recently.

The government has allocated a total of Tk85bn funds for different PPP projects over the past three years since the FY2009-2010. But not a single penny has been spent so far.

The FY2009-2010 budget first included PPP projects allocation.

In the FY 2009-10, an amount of Tk25bn was allocated for PPP projects. In the following year, the figure rose to Tk30bn for 15 projects as planned.

The PPP projects got Tk30bn during FY2011-12 in the development budget. A total of 16 projects were included under the PPP initiative.

And in the current fiscal year, the government has allocated Tk25bn to implement 13 PPP projects.

Meanwhile, the government in last four years has undertaken separate PPP projects in the annual development programmes (ADP). But the projects remain unimplemented.