Like in the cases of many other unfinished government projects, the readjusted development cost had gone up significantly. If ECNEC approves the readjusted proposal on Wednesday, the total expenditure will rise to Tk 175.53 billion, a Tk 6.52 billion jump from the previous estimation. The project was one of 27 schemes for which China agreed to provide a loan. The Chinese authorities took two years to process the $1.1 billion loan application, which was submitted in Oct 2018. Instead of Tk 109.95 billion, it will now provide Tk 96.92 billion, a 15 percent reduction of the previously estimated contribution.

Source: bd News24 May 30, 2022 19:04 UTC