Costs cut for key Bangladesh highway project

The cost of a major highway project being carried out in Bangladesh has been reduced significantly. The 192km highway connecting capital Dhaka with Chittagong will now cost US$427.8 million, instead of the $$475.1 million originally expected. Reductions in the costs of materials have helped lower the overall pricetag for the project, while the fact that the work has remained within schedule means there has been no need for the contingency funds that were forecast. The highway is expected to open to traffic
April 12, 2017 Read time: 1 min
The cost of a major highway project being carried out in Bangladesh has been reduced significantly. The 192km highway connecting capital Dhaka with Chittagong will now cost US$427.8 million, instead of the $475.1 million originally expected. Reductions in the costs of materials have helped lower the overall pricetag for the project, while the fact that the work has remained within schedule means there has been no need for the contingency funds that were forecast. The highway is expected to open to traffic in June 2017.
Finance & Funding Road Structures

Related Content

  • Ecuador road project restarting
    May 8, 2017
    Work on a major road project in Ecuador now looks set to restart now that a financing package for the work has been determined. The Circunvalacion Norte ring road in the city of Cuenca is expected to cost US$520 million, with the plans calling for three lanes in either direction along a 6km section between Guangarucho and the Panamericana Norte motorway. The route will measure 50km in all and will be tolled, with the project now looking set to be carried out under a concession model. The project is not allo
    Read More
  • Free flow tolling technology is booming
    April 10, 2013
    Jon Masters reports on the latest moves in the free-flow tolling segment. Free-flow tolling of roads and discrete infrastructure, such as bridges and tunnels, is an area of transportation that appears to be booming. Tolling in general is on the up, often still as a means for funding road projects where public sector budgets can no longer cover the necessary costs, but not exclusively so. Several high profile examples of road user charging for ‘demand management’ – the reduction of congestion as part of a wi
    Read More
  • What lies beneath Down Under
    January 11, 2021
    The third and final construction stage on Sydney’s WestConnex project has begun, including the underground Rozelle Interchange – with a lot of help from Komatsu
    Read More
  • Nepal tunnel project receiving Japanese funding
    August 9, 2018
    Funding from Japan will help pay for a major tunnel project in Nepal. The work is expected to cost close to US$200 million and includes building two tunnel stretches. The project was first put forward in 2010 and work is now intended to commence in 2020, with its completion scheduled for 2023. The tunnel sections will be built in the area close to Bhaktapur, which lies to the east of capital Kathmandu. Once the links are complete this is expected to reduce traffic congestion to the eastern side of Kathmandu
    Read More

Highlighted Content