The National Economic Council (NEC) has approved an overall Annual Development Programme (ADP) of Taka 1,80,869.17 crore for the next fiscal (2018-19), including the organisations' own fund, with more emphasis on speeding up the implementation of mega projects.
The approval came from the NEC meeting held at the NEC conference room in the city's Sher-e-Bangla Nagar area on Thursday with its Chairperson and Prime Minister Sheikh Hasina in the chair.
The ADP for the next fiscal, also the highest development budget in the country's history, gave emphasis on speeding up the construction works of some mega infrastructure projects, including the Padma Bridge, Rooppur Nuclear Power Plant, Karnaphuli Tunnel, Matarbari Power Plant, Padma Bridge Rail link and Dhaka Metro rail, reports BSS.
Briefing reporters after the meeting, Planning Minister AHM Mustafa Kamal said they prepared and thus approved the ADP for the next fiscal considering the demands, achievements, capacity and previous performances of the ministries concerned and divisions in the outgoing fiscal 2017-18.
Out of the overall ADP size, Taka 1,19,810.95 crore will come from the local sources while Taka 61,058.22 crore from foreign sources.
Excluding the state owned autonomous organisations' own fund of Taka 7,869.17 crore, the original ADP size for the next fiscal stood at Taka 1,73,000 crore. Of the amount, Taka 1,13,000 crore will come from the local sources while the rest of Taka 60,000 crore from the foreign sources.
The original ADP outlay for the next financial year 2018-19 is 16.59 percent or Tk 24,619 crore higher than that of the revised allocation for the current fiscal 2017-18.
The mega projects like Rooppur power plant, Dhaka metro rail, Karnaphuli Tunnel and Matarbari Coal-based Power Plant projects witnessed higher allocations in the new ADP.