PM for expediting formulation, implementation of G2G projects

BSS :
Prime Minister Sheikh Hasina on Tuesday urged the authorities concerned to expedite the formulation and implementation of various projects under the Government to Government (G2G) initiatives.
The Prime Minister gave the directive while chairing a meeting of the Executive Committee of the National Economic Council (ECNEC) as its chairperson held at the NEC conference room in the city’s Sher-e-Bangla Nagar area.
Briefing reporters after the meeting, Planning Minister MA Mannan said that the Premier put emphasis on expediting the process of formulating and implementing G2G projects with different countries like India and China as Bangladesh has agreements with those countries under their Lines of Credit, reports BSS.

Sheikh Hasina said there should not be any delay or negligence in this regard as these initiatives would enhance the foreign currency flow to Bangladesh, said Mannan.
The Planning Minister said that the Prime Minister also asked the Planning Commission to prioritize foreign-funded projects considering the current situation.
He said the day’s ECNEC meeting approved a total of 18 projects involving an overall estimated cost of Taka 11,387.91 crore. “Of the total project cost, Taka 7,445.34 crore will come from the government of Bangladesh portion, Taka 80.78 crore from the concerned organization’s own fund while the rest of Taka 3,861.79 crore as project assistance,” Mannan said.

Of the 18 approved projects, nine are new while nine are revised projects. Besides, the meeting approved the timeframe extension of a project without raising its cost.
The Planning Minister said that the Premier reiterated her call to all concerned to maintain austerity in all spheres and boost domestic production side by side not keeping idle an inch of land.
Turning to the issue of containing inflation, Sheikh Hasina underscored the need for conducting research as there are differences in the price of commodities in various arkets and kitchen markets.
The Premier also put emphasis on setting up regional storage arrangements for perishable items like onion and ginger.