NEC approves Tk 1,80,870cr ADP for 2018-19 FY
10 May 2018, 19:45 | updated: 10 May 2018, 19:53
Dhaka: The National Economic Council (NEC) on Thursday approved the highest ever Tk 1,80,869.17 crore Annual Development Programme (ADP) for the next fiscal year (2018-2019), including the organisations’ own fund.
The approval came at the NEC meeting held at the NEC conference room here with its Chairperson and Prime Minister Sheikh Hasina in the chair, reports the UNB.
The next ADP will focus on accelerating the construction works of some mega infrastructure projects like Padma bridge, Rooppur nuclear power plant, Karnaphuli tunnel, Matarbari power plant, Padma Bridge rail link and Dhaka metro rail.
“An overall amount of Tk 1,80,869.17 crore Annual Development Programme (ADP) fund has been approved for the next fiscal year,” said Planning Minister AHM Mustafa Kamal while briefing reporters after the meeting.
Of the amount, Tk 1,19,810.95 crore will come from local sources while Tk 61,058.22 crore from foreign sources.
Excluding the state-owned autonomous organisations’ own fund of Tk 7,869.17 crore, the original ADP size for the next fiscal year stands at Tk 1,73,000 crore, which is 16.59 percent or Tk 24,619 crore higher than that of the revised allocation for the current fiscal year of 2017-2018.
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.
The ADP was approved for the next fiscal year considering the demands, achievements, capacity and previous performances of the concerned ministries and divisions in the outgoing fiscal year.