Transportation receives biggest share as Tk 2.63 lakh crore ADP for FY24 is approved

The National Economic Council (NEC) adopted an Annual Development Programme (ADP) worth Tk 263,000 crore on Thursday. The transport and communication sector received the maximum allocation of Tk 75,945 crore (28.88 percent of the approved allocation).

The decision was made at a meeting of the NEC that was conducted in this city's NEC Conference Room keeping Prime Minister Sheikh Hasina in chair on Thursday.

Out of the original ADP allocation, Tk 169,000crore will be drawn from the local sources while Tk 94,000 crore will come from the foreign sources.

Briefing reporters after the meeting, Planning Minister MA Mannan said considering an allocation of Tk 11,674.02 crore (from autonomous bodies), the overall ADP size reached Tk 2,74,674.02 crore.

The total number of projects in the new ADP totaled 1309 including 1118 investment projects, 22 survey projects, 80 technical assistance projects and 89 projects from the autonomous bodies and corporations.

Replying to questions from reporters, State Minister for Planning Shamsul Alam said that as per the provisional estimation of BBS, the GDP growth of Bangladesh in the outgoing fiscal year (FY23) would reach 6.03 percent.

Besides, the rate of implementation of the ADP during the July-April period of the current fiscal year reached 50.33 percent with an expenditure of Taka 1,19,064.39 crore.

Replying to another question, the planning minister said the per capita income in the outgoing fiscal year has increased compared to the last year if it is calculated in Taka.

Considering the highest 10 sector-wise allocation, the power and energy sector received the 2nd highest allocation of around Tk 44,393 crore (16.88%) followed by education sector with Tk 29,889 crore (11.36%), housing community facilities with Tk 27,046 crore (10.28%), health sector with Tk 18,880 crore (7.18%), local government and rural development with Tk 16,204 crore (6.16%), agriculture sector with Tk 10,707 crore (4.07%), environment, climate change and water resources with Tk 8,995 crore (3.42%), industry and economic services with Tk 5,362 crore (2.04%) and science and information technology sector with Tk 5,321 crore (2.02%).

According to the new ADP for FY24, the highest 10 allocation recipient ministries and divisions are Local Government Division with Tk 40,503 crore (15.40% of allocation), Road Transport and Highways Division with Tk 34,062 crore (12.95%), Power Division with Tk 33,775 crore (12.84%), Railways Ministry with Tk 14,960 crore (5.69%), Secondary and Higher Education Division with Tk 14,086 crore (5.36%), Science and Technology Ministry with Tk 12,980 crore (4.94%), Health Services Division with Tk 12,209 crore (4.64%), Ministry of Primary and Mass Education with Tk 12,018 crore (4.57%), Ministry of Shipping with Tk 9,474 crore (3.60%) and Bridges Division with Tk 9,064 crore (3.45%).

Out of the highest allocation recipient 10 projects in the new ADP, the Rooppur Nuclear Power Plant Project received an allocation of Tk 9,707 crore followed by Matarbari 2x600 MW Ultra SuperCritical Coal Fired Power Project, 1st revised with Tk 9,081 crore, 4th Primary Education Development Programme (PEDP-4), 1st revised with Tk 8,586 crore, Dhaka-Ashulia Elevated Expressway Construction, 1st revised with Tkv5,870 crore, Padma Bridge Rail Link, 1st revised project with Tk 5,500 crore, Hazrat Shahjalal International Airport Expansion, 1st phase, 1st revised with Taka 5,499 crore, Physical Feasibility Development (PFD), 1st revised with Tk 4,696 crore, Dhaka Mass Rapid Transit Development Project (Line-1) with Tk 3,911 crore, Bangabandhu Sheikh Mujib Railway Bridge Construction project with Tk 3,778 crore and Dhaka Mass Rapid Transit Development Project (Line-6), 2nd revised with Tk 3,425 crore.