The government yesterday approved five projects involving around Tk 700 crore, which will come from internal sources. In the first meeting of the Executive Committee of the National Economic Council (Ecnec) in the new fiscal year, the biggest project approved was to build various types of water vessels for the Bangladesh Coast Guard at a cost of Tk 445 crore. Under the project, 13 water vessels will be procured, which include two inshore patrol vessels and 10 high-speed boats.
The Ecnec also approved a proposal to set up a textile engineering institute in Sirajganj at a cost of Tk 87.46 crore, aiming to produce mid-level efficient technologists for the sector. There are 120 textile institutes in the country, which will produce 22,800 textile technologists in the current fiscal year against a demand for 36,498.
When the new textile institute will be set up, 180 fresh textile technologists would graduate from there, it added.
Besides, a Tk 52.71 crore project has been taken for expansion of infrastructure facilities at district head quarters and battalion headquarters of Ansar and VDP barracks.
The Ecnec meeting also revised two projects, which include setting up of the BSCIC industrial city at Bhairab at a revised cost of Tk 72.91 crore, which was Tk 58.4 crore in the original layout.
The project is scheduled to be completed by June 2017.
The cost of expansion and renovation of the Cloth Processing Centre at Madhabdi in Narsingdi district has been increased to Tk 41.58 crore from original estimate of Tk 32.32 crore.