The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved the 'Smaller water resources development (2nd phase)' project, aiming to boost agricultural production and thus increase the income of farmers through enhancing non-farm activities.
The approval of the project, involving an estimated cost of Tk 12.85 billion, came from the weekly ECNEC meeting held at the NEC conference room with ECNEC Chairperson and Prime Minister Sheikh Hasina in the chair.
Briefing reporters after the meeting, Planning Minister AHM Mustafa Kamal said a total of eight projects were approved today involving an estimated cost of Tk 49.79 billion, reports UNB.
"Of the total project cost, Tk 40.69 billion will come from the national exchequer, while Tk 511.60 million will from the organisation's own fund and the remaining Tk 8.59 billion from project assistance," the planning minister said.
Of the approved eight projects, seven are new while one is a revised project.