Tag: project.
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World Bank approves $700 million for projects in Bangladesh to aid Rohingyas and host communities
“The long-term displacement crisis that the Government of Bangladesh is dealing with is ultimately a challenge to assist people, whether they are in the host community or among the displaced Rohingya population,” said S. Amer Ahmed, World Bank Task Team Leader for the ISO project. “The ISO project will help vulnerable families in both communities…
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India's interest in funding Teesta project: External Affairs Minister reveals
Foreign Minister Hassan Mahmood has said that India is interested in financing the Teesta project. Hasan Mahmood, while answering questions from journalists at the Ministry of External Affairs on Thursday afternoon, said that Indian Foreign Secretary Vinay Kwatra conveyed his country's message during his visit. A big project on Teesta funded by China has been…
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Prime Minister Sheikh Hasina stresses on evaluating economic prospects before development projects
“You have to consider how developed the country will be in terms of taking up projects,” he said. The Prime Minister said that people are getting benefits as some infrastructure developments have taken place rapidly. He said that his government is running the state with a target focus. He further said, after coming to power…
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Bangabandhu BCS Academy of Administration: Project worth Tk 18.33b amid economic crisis
When asked about the new project, former secretary Faujul Kabir Khan said that there is a need to assess whether the existing training centers are fully utilized or not. “It should also be considered whether a new training center is necessary or not,” he said. After the new government assumed power, a meeting was held…
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Preparation to cut trees for building construction in Jahangirnagar University
Due to haphazard construction of buildings, students are facing various types of problems. Four years ago three residential halls for male students were constructed next to Shaheed Rafiq-Jabbar Hall and Maulana Bhashani Hall. However, erecting three buildings at the same site increased noise pollution levels rapidly. Meanwhile, students of Shaheed Rafiq-Jabbar Hall erected a wall…
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Unexplained foreign aid: $46.55 billion unused, country's foreign exchange reserves double
Despite the ongoing dollar crisis and dwindling foreign exchange reserves, a staggering amount of foreign aid – USD46.55 billion or Tk 5120 billion – remains untapped in Bangladesh. Funds were provided by donor agencies, but have not been released yet. It was revealed that due to some limitations on the part of the recipient and…
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Unclaimed land: Embankment construction crisis in Koira, Khulna
Abdul Kalam Ghazi is a fisherman and lives in Jorshing village of South Bedkashi union of Koyra upazila. In 1992, he bought 15 decimils of land adjacent to the embankment of the Shakbaria River and built a house there. Since then he is living there with his family. Now an embankment is being built on…
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Social Services Department’s Tk 9.07 billion project raises concerns: A closer look
According to data from the Directorate of Social Services, there are a total of 1,900 seats in six government shelters in the country. About 909 residents live there, which means the number of occupants is less than the number of seats. Moreover, there is a severe shortage of manpower at these shelter sites. Speaking to…
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Metro Rail: It takes 45 years to recover construction costs
According to DMTCL sources, if the metro rail runs at full capacity, a total of 500,000 passengers will travel in it every day and the monthly income will be between Tk 7.20-7.30 billion. If fares remain unchanged, it will take at least 45 years to recover the construction cost of the metro rail from ticket…
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Foreign debt pressure on Bangladesh is increasing amid dollar crisis
The pressure of foreign debt repayment has increased amid the current dollar crisis. Payment of installments of huge loans taken bilaterally on tough terms from Russia, China and other development partners has started. As a result, the loan repayment amount is increasing rapidly and will increase further in the coming days. The amount of foreign…
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Palm tree project failed, now comes lightning arrester worth Tk 13b
DDM decided to plant 4 million palm trees across the country under Kabikha and TR projects in 2017. Within two years, palm trees were destroyed in some places or in some places the money was wasted without planting trees. According to the DDM, about 1 billion taka was spent on tree plantation but the number…
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Economic partnership: 17 projects funded by China moving at a snail’s pace
The ERD sent a letter to the Chinese Embassy in Dhaka last year, including a list of 11 projects that the government gives priority to. However, the letter did not mention anything regarding the remaining six projects. The priority projects include procurement of four seagoing vessels for Bangladesh Shipping Corporation (BSC), holistic management and reclamation…
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Ensuring transparency and good governance in BRI projects: Insights from the Dhaka incident
Addressing the event, Song Yang, economic and commercial advisor of the Chinese Embassy in Dhaka, said that China will soon emerge as the largest foreign investor in Bangladesh. The concept of BRI is cooperation, peace, openness and mutual benefit. He said that China will cooperate extensively with Bangladesh and this will create level playing field…
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Prime Minister Sheikh Hasina to inaugurate 24 development projects in Khulna on November 13
Prime Minister Sheikh Hasina is expected to inaugurate 22 development projects and lay the foundation stone of 2 development projects in Khulna on November 13. According to Khulna district administration, documents of 24 projects have already been sent to the Prime Minister’s Office. Khulna Deputy Commissioner Khondokar Yasir Arefin told BSS today, “Prime Minister Sheikh…
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ECNEC passes 37 projects worth over Tk 526.12b
The projects include Sylhet Division Rural Access Road Development, Third Revised, with an additional cost of Tk 209.1 million; Rural infrastructure development of Nagaon district with Taka 11 billion; Rural infrastructural development of Magura district with Tk 4.9 billion; Rural infrastructure development of Joypurhat district with about Taka 5 billion; Establishment of multimedia classes in…