Bangladesh elevated highway project faces problems

A major project in Bangladesh now looks to be delayed following financing issues. The project to construct the Dhaka Elevated Expressway was to have been carried out by the contractor, Italian-Thai Development (ITD).
June 21, 2017 Read time: 1 min

A major project in Bangladesh now looks to be delayed following financing issues. The project to construct the Dhaka Elevated Expressway was to have been carried out by the contractor, Italian-Thai Development (ITD). However the contractor was unable to secure all the financing required for the work, which had an estimated price tag of around US$990 million. The Bangladesh Bridge Authority (BBA) is now considering its options for the project while all the legal implications have also to be evaluated. Some site development work and piling has already been carried out.

Road Structures Finance & Funding

Related Content

  • Funding for Belarus road project
    May 18, 2016
    Funding for a key project in Belarus could be supplied by the European Bank of Reconstruction and Development (EBRD). Financing is required for the reconstruction of the M10 highway in Belarus, which runs from Kobrin through Gomel to the Russian border. The EBRD will consider options once the results of the tender have been revealed. The private sector looks likely to take part in the project, which is conceived as a PPP scheme, the first for Belarus. The project will be handled under the concession mode
    Read More
  • Brisbane’s new airport link is an engineering success
    April 12, 2013
    Financial troubles for Brisbane's new Airport Link overshadow its construction success – Adrian Greeman writes. Political argument and legal dispute is likely to rage for some time yet over the bankruptcy of Australian road operator BrisConnect, which went into receivership this February with A$3 billion in debt. Toll paying users for its new Airport Link have been less than half the predicted numbers since it opened in July last summer. But if its nancial engineering is being questioned, the same is not t
    Read More
  • Kenya-Tanzania connection partial funding found
    October 13, 2017
    A large chunk of the funding required for the improved road connection between Kenya and Tanzania has now been sourced. The African Development Bank (AfDB) will provide US$300 million of the financing required for the project. However the remaining $485 million of funding necessary still remains to be secured.
    Read More
  • Bangladesh investing heavily in roads
    October 23, 2015
    In Bangladesh, the draft detailed design of the US$5.14 billion Dhaka-Chittagong highway has been approved by the government. The feasibility study to execute the plan has already been completed. The highway will measure 198km in length. The project is to be implemented under a public-private partnership (PPP) basis.
    Read More

Highlighted Content