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Mega projects won’t affect the economy

UNB . Dhaka
16 Jun 2022 00:00:00 | Update: 16 Jun 2022 00:38:53
Mega projects won’t affect the economy

Prime Minister Sheikh Hasina on Wednesday ruled out any adverse impact on the country’s economy and foreign exchange reserves due to the implementation of the mega projects as these had been undertaken following proper assessments.

“Proper financial and economic analyses were done before the mega projects were taken by the present government. So, there is no possibility of adverse impact caused by the execution of these projects,” she told the Parliament.

The premier was replying to a starred question from Jatiya Party lawmaker Fakhrul Imam (Mymensingh-8).

Noting that most of the mega projects were undertaken with foreign loans or grants, she said these are soft loans with comparatively very low interest rate, long repayment tenure and long grace period.

Moreover, no major complexity was noticed in the case of releasing the loan funds by the development agencies, said Sheikh Hasina.

She mentioned details about the implementation progress and current status of 16 mega projects including Padma Multipurpose Bridge Construction Project, Rooppur Nuclear Power Plant and Rampal 1320-megawatt friendship super thermal power project.

The other projects include Matarbari 1200-MW ultra super critical coal-fired power project, Dhaka Mass Rapid Transit Development, LNG Terminal Construction and Gas Pipeline Installation Project, Payra Deep Sea Port, Padma Bridge Rail Link Project, and Construction of Single Line Dual Gauge Track from Dohajari to Cox’s Bazar via Ramu, from Ramu to Gundum, close to Myanmar.

The remaining mega projects are Payra Thermal Power Plant, Construction of Broad-gauge rail line from Bhanga Junction (Faridpur) to Payra port and Kuakata via Barishal, Cox’s Bazar Airport Development Project, Establishment of Economic Zones, Ashrayan-2 Project, Multi-lane road tunnel under Karnaphuli River and SASEC Dhaka-Sylhet Corridor Road Development Project.

PM Sheikh Hasina said huge employments have been generated and many backward and forward linkage industries and businesses have developed during the implementation of the projects.

“So, actually the country’s progress is getting accelerated directly instead of getting hindered through the projects,” she said.

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