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Railway unlikely to spend over 20pc ADP fund
Bangladesh Railway is unlikely to spend more than 20 per cent of its annual development programme (ADP) allocation in the current fiscal year due to slow progress of some major projects, including ones under the Indian Line of Credit (LoC). Officials said a reduced demand of Tk 26.35 billion had
thefinancialexpress.com.bd
Railway unlikely to spend over 20pc ADP fund
Munima Sultana
Published :
Dec 06, 2024 01:02
Updated :
Dec 06, 2024 01:02
Bangladesh Railway is unlikely to spend more than 20 per cent of its annual development programme (ADP) allocation in the current fiscal year due to slow progress of some major projects, including ones under the Indian Line of Credit (LoC).
Officials said a reduced demand of Tk 26.35 billion had already been assessed for the revised ADP after reviewing 30 ongoing projects.
At the end of the first half of the fiscal year 2024-25, reduced demands for allocations would be placed for almost all projects, except six, they added.
"The highest revised allocation is likely to be placed for the LoC-funded Dhaka-Tongi-Joydebpur railway expansion project, which involves developing the third and fourth lines in the Dhaka-Tongi section and dual-gauge double lines in the Tongi-Joydebpur one," said an official.
He said though Tk 6.43 billion was supposed to be spent on the project in the current fiscal year, expenditures of Tk 5.09 billion were unlikely till next June due to the delay in getting concurrence on a contract package from the Indian Exim Bank.
"An allocation demand of only Tk 1.33 billion is likely to be placed for the project in the revised ADP," he added.
Similarly, Bangladesh Railway is likely to demand only Tk 103 million for the Khulna-Darshana Junction double line project against the allotted Tk 8.43 billion.
However, an increased demand of Tk 4.98 billion is likely to be placed for the LoC-funded project involving the development of dual-gauge double lines on the Bogura-Shaheed Monsur Ali Station section due to the need for land acquisition spending.
Besides, sources said Bangladesh Railway is likely to place an increased demand of Tk 3.57 billion against a Tk 709 million allocation for a Korean EDCF-funded project. Officials said the project to procure 20 metre-gauge locomotives and 150 metre-gauge carriages would be completed by next June.
They also said as 35 more carriages are likely to arrive in the country soon, all payments need to be cleared.
Moreover, Bangladesh Railway has sought Tk 130 million against an allocation of only Tk 100,000 for a project to rehabilitate rail crossings and improve the standards of level crossings in the western zone. The extra amount has been sought to pay the dues of temporary gatekeepers.
Munima Sultana
Published :
Dec 06, 2024 01:02
Updated :
Dec 06, 2024 01:02
Bangladesh Railway is unlikely to spend more than 20 per cent of its annual development programme (ADP) allocation in the current fiscal year due to slow progress of some major projects, including ones under the Indian Line of Credit (LoC).
Officials said a reduced demand of Tk 26.35 billion had already been assessed for the revised ADP after reviewing 30 ongoing projects.
At the end of the first half of the fiscal year 2024-25, reduced demands for allocations would be placed for almost all projects, except six, they added.
"The highest revised allocation is likely to be placed for the LoC-funded Dhaka-Tongi-Joydebpur railway expansion project, which involves developing the third and fourth lines in the Dhaka-Tongi section and dual-gauge double lines in the Tongi-Joydebpur one," said an official.
He said though Tk 6.43 billion was supposed to be spent on the project in the current fiscal year, expenditures of Tk 5.09 billion were unlikely till next June due to the delay in getting concurrence on a contract package from the Indian Exim Bank.
"An allocation demand of only Tk 1.33 billion is likely to be placed for the project in the revised ADP," he added.
Similarly, Bangladesh Railway is likely to demand only Tk 103 million for the Khulna-Darshana Junction double line project against the allotted Tk 8.43 billion.
However, an increased demand of Tk 4.98 billion is likely to be placed for the LoC-funded project involving the development of dual-gauge double lines on the Bogura-Shaheed Monsur Ali Station section due to the need for land acquisition spending.
Besides, sources said Bangladesh Railway is likely to place an increased demand of Tk 3.57 billion against a Tk 709 million allocation for a Korean EDCF-funded project. Officials said the project to procure 20 metre-gauge locomotives and 150 metre-gauge carriages would be completed by next June.
They also said as 35 more carriages are likely to arrive in the country soon, all payments need to be cleared.
Moreover, Bangladesh Railway has sought Tk 130 million against an allocation of only Tk 100,000 for a project to rehabilitate rail crossings and improve the standards of level crossings in the western zone. The extra amount has been sought to pay the dues of temporary gatekeepers.