Elevated expressway projects at Dhaka approved today

The cabinet committee on economic affairs today gave the communications ministry the approval to go ahead with the Dhaka city elevated expressway under the private-public partnership (PPP) initiative.

The elevated expressway project will be the maiden project taken under the PPP initiatives at a cost of $1.23 billion.

The proposed routes of the expressway are—Tejgaon-Old Airport-Magbazar-Malibagh-Jatrabari, Pan-Pacific Sonargaon hotel intersection-Katabon-New Market-Gulistan and New Airport-Kuril.

The construction work of the elevated expressway will be implemented in three phases after completion of the feasibility study and floating tender for the project, a meeting of the committee chaired by Finance Minister AMA Muhith held at the Cabinet Division said.

The finance minister, in the proposed budget for the fiscal year 2009-10, proposed an allocation of Tk 2,500 crore for the public-private partnership initiative to implement different projects in infrastructure, health and education sectors.