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

  • Vinci wins stalled Strasbourg Grand Contournement Ouest deal
    November 12, 2015
    French construction group Vinci has been named preferred bidder for construction and operation of the previously canceled western motorway bypass in Strasbourg, northeastern France. Vinci will lead a consortium for the project estimated to need €475 million. The contract will be signed next year with construction to start in 2017, according to a report in the French newspaper Dernieres Nouvelles d’Alsace
    Read More
  • German highway stretch reopening to be delayed
    February 19, 2019
    Repairs to the A20 highway route in northern Germany are now likely to take longer than initially expected. The route will now take until 2023 to repair, with the work costing some €100 million to carry out and requiring a temporary bridge to carry traffic past the failed section. The temporary bridge accounts for more than half of the cost of the work. The geological problems with the A20 Autobahn route first became visible in September 2018 when a section near Tribsees started to suffer from subsidence.
    Read More
  • India pushing ahead with infrastructure projects
    July 4, 2012
    Despite the economic downturn, India looks to be pressing ahead with its major infrastructure projects to further boost its incredible growth. Patrick Smith reports India, which like most countries has been affected by the current economic climate, although not to the same extent, is pressing ahead with its ambitious highway construction plans. Each week new projects are completed, started or awarded as the nation seeks to improve its transportation requirements. These are needed to meet the aspirations of
    Read More
  • Transport plans for Indonesia
    November 28, 2012
    Indonesia’s Government is setting a US$20 billion budget for transport and energy sector development. The Indonesian Government plans to build 559km of new roads as part of a new transport infrastructure programme. Indonesia’s capital Jakarta faces a growing problem due to severe traffic congestion, which is particularly intense at peak periods. Increasing vehicle numbers in the city mean that the existing traffic problem is fast getting worse. The authorities are looking at policies to address the issue.
    Read More

Highlighted Content