Fast-track projects go slow | 2017-09-22 |

Fast-track projects go slow

Padma Bridge advances 46pc

Hasibul Aman     22nd September, 2017 01:38:14 printer

Fast-track projects go slow

Most of the fast-track projects of the government could not make any significant headway except for the Padma Bridge scheme.


The deep sea port and LNG terminal projects are still at their primary stage even after several years have elapsed, according to a report of Economic Relations Division (ERD).


Other fast-track projects did not advance much, but the Padma Bridge project saw 46.50 percent overall progress until last month, the report noted.


The government could not reach a final decision on the deep sea port project and the LNG terminal project is progressing at a snail’s pace.


The government has kept the Sonadia and Payra deep-sea ports on its list of fast-track projects.


Other fast-track projects include the metro rail, Rooppur nuke power plant, Rampal coal power plant, Matarbari power plant, Padma rail link project and construction of duel gauge rail track from Dohazari-Ramu-Cox’s Bazar and Ramu to Gundum border near Myanmar.


The ERD report suggests that Padma Bridge’s main construction work progressed 46 percent up to August, while the river training work advanced 33 percent.


Both the approach roads and service area-2 of the under-construction 6.2km bridge neared completion.


The project’s present estimated cost is Tk 28,793 crore and the completion deadline is December 2018. Of the cost, a total of Tk 14,090 crore or 48.94 percent of the allocated money has so far been spent until last month.


In the current fiscal year, Tk 5,524 crore has been allocated for the project, but only Tk 42 crore was spent on the scheme in the first two months.


Padma rail link project is being implemented with Chinese assistance on a G2G basis at an estimated cost of Tk 34,988 crore where the Chinese loan has been estimated at Tk 24,749 crore.


Tk 7,609 crore has been allocated for the project in the current fiscal year, but its overall progress up to August was only 7 percent with 1.90 percent financial progress.


The Metro rail project is being implemented with June 2024 completion deadline and at a cost of Tk 21,985 crore, including Tk 16,594 crore Japanese assistance. Tk 84 crore was spent on the project in the first two months of the current fiscal year.


Rooppur nuclear power plant project managed to spend Tk 4,836 crore from Tk 5,089 crore stipulated for completing the first phase of the scheme during the March 2013 to June 2017 period. Bangladesh and Russia signed a loan deal of $11.38 billion in July last year for constructing the main plant.


Bangladesh and India will jointly implement the Rampal power project by June 2020, but the project’s overall progress was 2.81 percent and financial progress was 1.84 percent with the total spending of Tk 295 crore until June.


The Matarbari coal power plant project could spend Tk 1,021 crore or 2.91 percent so far out of the total project cost of Tk 35,984 crore.


The Tk 18,000 crore Dohazari-Ramu-Cox’s Bazar-Gundum rail line project has so far seen only 3 percent physical progress and 12.70 percent financial progress with a total spending of Tk 2,290 crore.


The geotechnical survey of LNG terminal construction project has started and commercial work is being expected to be completed by March next year.


The Payra deep seaport project saw 40 percent physical progress and 51 percent financial progress. A Tk 1,128 crore project is underway to acquire land, construct warehouses and procure survey boats and pilot vessels for the seaport.


Although Sonadia deep seaport project was supposed to be implemented on public-private partnership (PPP) mode, the government has decided to implement it on G2G basis after no investors were found for the scheme.


A Japanese company has already conducted a survey at Sonadia in Cox’s Bazar to assess the feasibility of the project.