BANGLADESH

Ecnec halts Teletalk 5G project to save reserve dollars

The Executive Committee of the National Economic Council (Ecnec) on Tuesday suspended a Tk 236-crore project of Teletalk on the commercial introduction of 5-G services in the capital as a part of the government’s austerity measures amid the global crisis, reports UNB.

But the Ecnec approved seven other development projects with an estimated cost of Tk 2,007.57 crore (only additional costs of the three revised projects were counted here).

The approval came from the Ecnec meeting held at the NEC conference room. Prime Minister and Ecnec chair Sheikh Hasina joined it through a virtual platform from her official residence Ganobhaban.

“Today’s meeting approved seven projects, but postponed a fresh project of Teletalk,” said Planning Minister MA Mannan while briefing reporters.

He said the Teletalk project was postponed as it would cost dollars from the country’s reserve of foreign currencies but it is so much essential right now.

The minister said the project was not canceled. It will be implemented later, he added.

The new project titled ” Commercial Introduction of 5-G technology in the Teletalk Network in Dhaka Metropolitan area” involving Tk 236.54 crore was designed to implement by December 2023.

The main objectives of the project include introducing 5-G technology commercially, raising interest among the people over 5-G technology, and encouraging other mobile phone operators to introduce 5-G services.

The largest project among four fresh ones approved in the meeting is “Land Acquisition, providing compensation to the victims and their rehabilitation in order to establish the divisional headquarters for Mymensigh Division Project” with the cost of Tk 1,224.81 crore.

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