Deal with Ital-Thai company today
The government will sign a contract with Italian-Thailand Development Public Company Ltd today for construction of the much-talked Dhaka Elevated Expressway.
The signing ceremony will take place at Sonargaon hotel at 11:00am in presence of ministers and senior government officials of Bangladesh and Thailand.
The Ital-Thai company has been awarded the task of building the expressway from Hazrat Shahjalal International Airport to Kutubkhali on Dhaka-Chittagong highway under public-private partnership (PPP). The construction will cost about Tk 8,703 crore.
Meanwhile, the government as per recommendation of an expert committee has chosen the costlier box-type option for the expressway, as it will be more beautiful to look at in cities.
“The 20.5km of the main elevated expressway will be box-type while the rest will be of I-type,” said Prof Shamsul Hoque, a member of the expert committee.
He said all the 35 ramps (the entry and exit points) will be of I-type. “People from all over the city would be able to use the expressway using sufficient number of ramps.”
The Ital-Thai company will collect toll from the expressway for 25 years before handing it over to Bangladesh government. The lifespan of the expressway has been estimated at 100 years.