ECNEC clears local gov support project 3

The Executive Committee of the National Economic Council on Tuesday approved the local governance support project 3 involving an estimated cost of Tk 5,535 crore following the successes of the LGSP 1 and LGSP 2.

The approval came from the weekly ECNEC meeting held at the NEC conference room with its chairperson and prime minister Sheikh Hasina in the chair. Briefing reporters after the meeting, planning minister AHM Mustafa Kamal said a total of eight projects were approved, involving an estimated cost of Tk 12,550.78 crore.

‘Of the total project cost, Tk 9,192.39 crore will come from the national exchequer, Tk 873.54 crore from the organisation’s own fund while the rest of Tk 2,484.85 crore from project assistance,’ he said. Of the approved eight projects, seven are new while another is revised one. 

source: Newage