UNB, Dhaka : The government on Tuesday approved the ‘Establishment of NGN-based Telecommunication Network for Digital Bangladesh’ project costing Tk 1,863.15 crore to expand Tele-density and Tele-access facilities among the people for reaching the ICT services at reliable and affordable price. The approval came from a meeting of the Executive Committee of the National Economic Council (ECNEC) held at the NEC conference room in city’s Sher-e-Bangla Nagar with ECNEC chairperson and Prime Minister Sheikh Hasina in the chair. Briefing reporters after the meeting, Planning Minister AHM Mustafa Kamal said that a total of five development projects were approved yesterday with a cost of Tk 2,072.53 crore. “Of the total project costs, Tk 619.32 crore will come from the government exchequer while the rest Tk 1,453.21 crore as project assistance,” he said. Water Resources Minister Anisul Islam Mahmud, State Minister for Finance and Planning MA Mannan and Planning Division Secretary Bhuiyan Shafiqul Islam were present at the briefing. The Planning Minister said that China would come up with a credit of Tk 1,453.21 crore for the ‘Establishment of NGN-based Telecommunication Network for Digital Bangladesh’ project, which will be completed by June, 2017 across the country. He also said that, the Chinese credit would bear 1.50 percent interest rate with a 20-year repayment period. Under the project, the low-capacity old transmission equipments at the existing exchanges of the BTCL for providing broadband internet services with voice call would be replaced with modern internet and multimedia-based transmission equipments. For this reason, the existing copper-based main telephone network of the BTCL would be replaced with high-powered optical fiber cable network. Planning Ministry sources said that, with the implementation of the project, internet connections would be available up to village level while all government institutions would be connected through creating network at national level alongside creating scope for internet telephone and video conferencing. Besides, it would be possible to provide internet connections at all primary, secondary and vocational training institutes at an affordable price.