Thrust on homegrown model to build infrastructure

Dhaka,  Tue,  27 June 2017
Published : 17 May 2017, 22:23:12
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Thrust on homegrown model to build infrastructure

FE Report

Speakers at a roundtable Wednesday stressed the need for adopting homegrown model and innovative financing while ensuring timely implementation of infrastructure projects to get optimum benefit out of such investment in the country.

They also suggested taking the country's land scarcity into consideration while preparing infrastructures projects.

The observations were made at the working session of a day-long roundtable on 'Bangladesh Infrastructure' at a city hotel.

Dhaka Chamber of Commerce and Industry (DCCI) in association with Bangladesh Investment Development Authority (BIDA) and the World Bank Group organised the event.

Advisor of a caretaker government Dr Hossain Zillur Rahman, principal coordinator of SDG affairs under the Prime Minister's Office Md. Abul Kalam Azad and DCCI president Abul kashem khan attended the meeting, among others.

Dr Hossain Zillur said the country has already proved its strength in various economic indexes, which now stands at an inflection point of transformation.

"We should develop our own infrastructure financing model for making the investment efficient instead of copying the model undertaken by other countries," he said.

About the longer time taken for project implementation, he underscored the need for developing 'a sense of urgency' among the stakeholders and urged the development agencies to consider the scarcity of land in the country for ensuring maximum benefit out of it.

In a different session, Mr Abul Kalam Azad said the country is yet to tap more benefit from the public private partnership (PPP) model of infrastructure development.

"The success of PPP is still limited to the country's power plant sector," he said.

He urged the non-government agencies to play role simultaneously with the public ones for infrastructure development to help boost the economic growth.

 He said many infrastructures owned by the government agencies were not often fully utilised.

Presenting the keynote paper, managing director of Standard Chartered, Bangladesh Alamgir Morshed identified several factors as challenges to domestic resource mobilization, including crowding out effect, heavy reliance on banks, ambitious revenue target and savings-investment gap.

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