Star Business Report

The government will set up a modern and high-frequency telecommunication network at five economic zones and tourism parks in Sylhet, Jamalpur and Cox’s Bazar, with an aim to accelerate the country’s economic development.

During a virtual meeting yesterday, the Executive Committee of the National Economic Council (Ecnec) approved a project of the posts and telecommunications division named “Setting up Telecommunication Network at Economic Zones (Phase-1)”, involving Tk 95.12 crore.

Ecnec Chairperson and Prime Minister Sheikh Hasina presided over the meeting from Gono Bhaban.

After the meeting, Planning Minister MA Mannan said the government was going for a modernised telecommunication network at the under-construction economic zones as foreign investors sought assurance of quality telecommunication and internet services before investment.

The Ecnec approved a total of 10 projects involving an estimated cost of Tk 11,901.33 crore.

Of the sum, Tk 8,991.44 crore will come from the state coffer, Tk 809.98 crore from related government agencies, and Tk 2,099.91 crore as project assistance.