Ecnec approves second submarine cable project

The Executive Committee of National Economic Council yesterday approved 10 projects involving Tk 2,365 crore, including a project to install the country's second submarine cable connection.

Ecnec in a meeting chaired by Prime Minister Sheikh Hasina allocated Tk 660.64 crore to the submarine cable project.

Once Bangladesh gets its second connection, it will obtain bandwidth of more than 1,300 gigabits per second or Gbps in addition to the existing 200 Gbps, Planning Minister AHM Mustafa Kamal told reporters after the meeting.

It will expand call-centre business, software exports and the data entry sector, he added.

In the first 10 months of the current fiscal year, the government implemented 56 percent or Tk 43,333 crore of the total allocation under the annual development programme. In the same period last fiscal year, it was Tk 34,557 crore or 54 percent, according to Kamal.