• Tuesday, Nov 29, 2022
  • Last Update : 09:54 am

ERD for change in implementation process of development projects

  • Published at 07:03 pm November 2nd, 2016
ERD for change in implementation process of development projects
According to officials, ERD is working to ensure quick implementation of the development projects. Meanwhile, the ERD proposal on the matter has been supported by the monitoring committee on Fast Track Projects. It will also incorporate the provision of land acquisition worth Tk5 crore with the permission from the respective ministries and divisions while it will be necessary to get the consent from Prime Minister Sheikh Hasina for the land acquisition of above Tk50 crore. ERD proposal titled ‘The alter of the structure and process of implementation of the development project to expedite’ will be placed at the next cabinet committee on economic affair meeting. Meanwhile, the development spending improves slightly in the first quarter of the current fiscal year but it is still lagging far behind the historical trend. Between the months of July-September, the ministries and divisions put to use 8.75% of their total outlay for fiscal 2015-17, which from 7% they managed a year earlier ago. Some Tk 10,788 crore was spent in the first three months of the fiscal year, in contrast to Tk 6,806 crore, according to statistics from the Implementation, Monitoring & Evaluation Division. The ADP outlay for this year is Tk123,346 crore, which includes the development allocation for the state-owned enterprises. Of the amount, Tk110,700  crore would come from the government budget. The ADP allocation for the fiscal 2016-17 seems to be higher in nominal terms and it has crossed US$12.7 billion mark, said the World Bank in its latest release on Bangladesh Development Update. According to the new implementation policies for the development projects, the ministries and divisions will create separate ‘development expenditure’ for implementing the development projects. Ministries and divisions will form a preparation team for the development projects which will prepare the bidding document and sign the contracts for the development projects. The ministries and division will, however, not be able to spend funds for the employment of new human resources and new motor vehicles normally used by the preparation team, reveals the ERD proposal.
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail