Work to go ahead on Bangladesh expressway

Work on a new elevated expressway is now due to commence in Bangladesh. The project will be carried out by Italian-Thai Development (ITD).
February 23, 2012 Read time: 1 min
Work on a new elevated expressway is now due to commence in Bangladesh. The project will be carried out by 1042 Italian-Thai Development (ITD). The agreement is for a 25 year concession deal with the 1049 Bangladesh Bridge Authority (BBA). The project is worth US$1.25 billion and is being carried out under the PPP model. The construction phase is expected to be complete within a three year timeframe. The project will be financed using bank loans as well as by ITD and its partners. ITD is in discussions with 2332 World Bank, the 1053 Export-Import Bank Of Thailand, the 943 Asian Development Bank and 1055 Standard Chartered to finance the project.
Road Structures

Related Content

  • Road and bridge upgrades improving transport in Nepal
    November 1, 2019
    New road and bridge upgrades are being introduced in Nepal that will help improve transport and develop the country’s economy.
    Read More
  • Turkish birdge/highway concession package reopens?
    March 20, 2012
    Despite the recent failure of the Turkish Government’s tender for the project to build a third bridge over the Bosphorus, the deal may yet go ahead. Japanese firms Itochu, Obayashi, IHI and Mitsubishi have revealed that they are still interested in constructing a third bridge over the Bosphorus at Istanbul, as well as constructing the associated tolled highway.
    Read More
  • Indian expressway deal for Uttar Pradesh State
    July 9, 2018
    A new expressway project is being planned for India’s Uttar Pradesh State. A loan worth US$1.75 billion is being provided by the Punjab National Bank that will help pay for the construction of the route. Building the new expressway is expected to take three years to complete. Revenue from the tolls collected will be used to pay back the loan inn a series of installments.
    Read More
  • New bridge project to boost Myanmar-Thailand cross-border connectivity
    June 4, 2015
    The tender process is being planned for the Myanmar-Korea Friendship Bridge, which will connect Myanmar’s commercial centre Yangon to Dala Township. Over $137 million in loans have been pledged by the Korean Economic Development Cooperation Fund to develop the 1.87km long suspension bridge. The tender process will be international and the work is due for completion by 2020. In all the project is expected to cost in the region of $168 million.
    Read More

Highlighted Content