Because of the importance given to debt-funded infrastructure-based development, the country’s economy is being burdened by increasing unsustainable foreign debt and import dependence.
Road Transport and Bridges Minister Obaidul Quader today (November 6, 2022) said the government will not take on any new mega project before the next national election.
Prime Minister Sheikh Hasina has ruled out the possibility of any negative impact on the country’s economy due to the implementation of the mega projects as these were undertaken following proper assessments.
If stopping wastage of money is the goal, a lot of holes will need to be plugged
In dispelling the confusion being spread about the mega projects being implemented in the country Prime Minister Sheikh Hasina today reaffirmed that her government remains cautious so the loans don’t become a burden.
Setting a rare example, the Roads and Highways Department (RHD) has completed a mega project on time, saving around Tk 1,400 crore.