• Sunday, March 01, 2015

Padma bridge to see deep cuts in allocation

Rejaul Karim Byron

The government plans to slash the allocation for the Padma bridge project by 70 percent to Tk 2,108 crore in the revised budget for the current fiscal year.
The proposal for bringing down the outlay was placed at a meeting on the draft revised ADP yesterday, with Planning Minister AHM Mustafa Kamal in the chair.
The final approval may come at the National Economic Council meeting next week.
Initially almost the entire fund from the Bridges Division's allocation of Tk 6,999 crore for the current fiscal year was earmarked for the bridge project.
Later, the planning ministry in consultation with the Bridges Division cut the amount to Tk 2,600 crore.
However, another Tk 492 crore was diverted to the Roads Division at the request of Communication Minister Obaidul Quader.
In the revised annual development programme (ADP), the allocation for the road sector is going to be set at Tk 3,218 crore, from Tk 2,606 crore before.

Earlier 19 ministries and divisions had demanded an additional allocation of Tk 3,675 crore. At yesterday's meeting, the Local Government Division and the water resources ministry also sought additional fund.
But the Finance Division told the meeting that it was not possible to increase the allocation as the government's expenditure will rise due to spending on dearness allowance, subsidy and allowance for freedom fighters.
The Finance Division asked the planning ministry to finalise the ADP outlay at Tk 54,000 crore, which was set at Tk 65,870 crore earlier.

Published: 12:00 am Tuesday, March 11, 2014

Last modified: 11:01 pm Monday, March 10, 2014

TAGS: Padma Bridge government National Economic Council Bridges Division allocation Tk 2 108 crore annual development programme (ADP)

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