Mega Projects: New Dimension of Structural Development

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mega projects

MNA Editorial Desk: The government has identified some mega projects as fast track projects and directed the authorities concerned to implement them with highest priority.

Over the past 40 years since independence, Bangladesh has increased its real per capita income more than 130 percent, cut poverty by sixth percent, and is well set to achieve sustainable development goals.

In recognition of long term development, the government under t6he leadership of Prime Minister Sheikh Hasina adopted the Vision 2021. The vision 2021 and the associated Perspective Plan 2010-2021 have set solid development targets for Bangladesh by the end of 2021.

Bangladesh is a rapidly growing country in South Asia. Bangladesh is one of the Next Eleven potential largest economies of 21st century. Its GDP is growing at a steady rate of over 6% for last two decades and now Bangladesh government is under taking lot of mega infrastructure projects. Once this project is done, life of the people of this country will never be the same.

Experts have welcomed the government initiative, saying it would speed up implementation of the priority projects.

The projects were identified at the meeting of the reconstituted Fast Track Project Monitoring Committee at the Prime Minister’s Office.

The mega projects are the Padma bridge, metro rail, Rooppur nuclear power plant, Rampal power plant, Payra sea port, Matarbari power plant, Padma bridge rail link and Dohazari-Cox’s Bazar-Gundum rail line.

Prime minister Sheikh Hasina directed the authorities concerned to execute the projects within the stipulated time.

The government has given special focus on ongoing mega development projects as it has provided for yearly required fund allocations to complete the works in due time.

The government has also described the implementation status of 10 fast-track mega-projects of the country saying those would bring the country’s economy to a new height. The estimated total cost for the 10 projects is Tk 3.40 trillion, or nearly $43.60 billion.