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Category Archives: Development News

Hasina inaugurates works of metro rail

businessnews24bd.com Prime Minister Sheikh Hasina on Sunday inaugurated the work for construction of the Metrorail which aims to ease traffic congestions in the capital city Dhaka. She also inaugurated the work to build a depot in Gazipur for Bus Rapid Transit (BRT). Hasina flagged off the Metrorail and BRT work during a programme at the Bangabandhu International Conference Centre. Road ... Read More »

Long-cherished dream going to be fulfilled: PM

businessnews24bd.com Inaugurating the construction work of the country`s first-ever metro rail project, Prime Minister Sheikh Hasina said through opening the project, the long-cherished dream of the people is going to be fulfilled. It will save working hours that are wasted due to traffic jam. “Today is the day to materialize the dream of metro rail … our government would be ... Read More »

BD gets AIIB’s first loan for power project

China-backed Asian Infrastructure Investment Bank (AIIB) has approved its first four loans totaling $509 million to finance four projects including one for Bangladesh, reports bdnews24.com The Board of Directors approved the loans on Friday within six months of the Bank’s journey. Three of the four projects, except Bangladesh, are co-financing operations with World Bank, Asian Development Bank (ADB) and UK ... Read More »

Ecnec approves project for upgradation of power distribution system

businessnews24bd.com The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved the ‘Expansion of power distribution system and upgradation in West Zone Area’ with an outlay of Tk 1,278.20 crore, aiming to ensure the reliability and longevity of power distribution and reduce technical and non-technical system losses. The approval came from the weekly Ecnec meeting held at NEC ... Read More »

BD signs MoM with China to construct three bridges

businessnews24bd.com Bangladesh today signed a Minutes of Meeting (MoM) with China to conduct feasibility study on the proposed three bridges at Patuakhali, Bagerhat and Khulna districts. Secretary of Road Transports and Highway Division MAN Siddique and Commercial councilor of Chinese Embassy Li Guangjun signed the MoM on behalf of their respective sides, an official release said. Road Transport and Bridge ... Read More »

Ecnec clears DNCC Dev Project

businessnews24bd.com The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved a project for the construction of drains and footpaths alongside development of various damaged road infrastructures in Dhaka North City Corporation (DNCC) at an estimated cost of Tk 1025.87 crore. The project is aimed at easing traffic congestion and developing an effective road communication network in the ... Read More »

Govt okays separate directorate for BNC

businessnews24bd.com A cabinet meeting, chaired by Prime Minister Sheikh Hasina, approved the final draft of the ‘Bangladesh National Cadet Corps Act 2016’ on Monday. The new law will enable the formation of a directorate under the Defence Ministry for the voluntary organisation. A director general will be in charge, said Cabinet Secretary Md Shafiul Alam. There will be a 17-member advisory ... Read More »

BD to sign deal with US firm Kali Pradip Group for142-storied bldg

The work to build the much-discussed 142-storied ‘iconic tower’ dreamed by Finance Minister AMA Muhith has seen significant progress, reports bdnews24.com Capital Dhaka’s developer Rajdhani Unnayan Kartripakkha (RAJUK) has already fixed a place and made a plan for the tallest building in South Asia. US-based construction firm KPC Group is going to get the job to build the tower at ... Read More »

Bangladesh hopes to achieve global HIV target by 2030

businessnews24bd.com Bangladesh has assured the global community to continue its endeavours for achieving the global target set to end HIV/AIDS worldwide within the year 2030.   The assurance was given at a high-level meeting held in New York on Friday, according to a message available on Saturday, Ministry of Foreign Affairs sources said.   A three-member delegation represented Bangladesh at ... Read More »

Fael Khair Programme : 34 school-cum-cyclone shelters handed over in Bhola

Bhola Correspondent The IDB has handed over 34 school-cum-cyclone shelters under the Fourth phase of the Fael Khair Programme in Bhola district recently . The fund for the programme  was donated by the Late King Abdullah Bin Abdul Aziz . 9 shelters in Bhola Sadar Upazila, 3 in Daulatkhan, 9 in Borhanuddin, 2 in Lalmohon, 1 in Rangabali, 2 in ... Read More »

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