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

  • Indonesia bridge project plans revived
    August 9, 2017
    In Indonesia plans are being drawn up for a bridge to connect Bintan Isand with Batam Island. In all the bridge connection would measure 7km long and be built in three sections: Batam - Pulau Tanjung Sauh; Pulau Tanjung Sauh - Pulau Buau; Pulau Buau – Bintan. The bridge project was proposed previously in 2005 but stalled a few years later, with financing being an issue at the time. When the work was costed back in 2009 it had a pricetag of US$350 million. However, the work will be somewhat more costly to co
    Read More
  • Indonesia set for major PPP infrastructure tendering round
    March 10, 2015
    The Indonesian government is getting ready to tender for major infrastructure projects including roads to be developed under public-private partnership (PPP) contracts, the Jakarta Post reported. Public Works and Public Housing minister Basuki Hadimuljono said in Jakarta that the first priorities would be on the 94km Balikpapan-Samarinda toll road, the 7km Manado-Bitung toll road in North Sulawesi and a drinking water treatment system project in western Semarang, central Java. The projects will prove that P
    Read More
  • Mexico’s new Jala-Puerto Vallarta Highway
    August 29, 2017
    Mexico’s highway infrastructure plays a key role in the country’s economy, carrying around 55% of its freight and 98% of its passenger traffic. To meet this demand, the network has 377,660km of roads in all. This is split between the 49,652km federal highway network, the 83,982km of state roads, 169.429km of rural roads and 74,596km of access roads. mHowever, although the federal road network manages to connect a large part of the country's strategic points, some stretches already present problems with satu
    Read More
  • Turning the construction industry green
    July 19, 2023
    Green is good for industry – delivering sustainability can also help reduce costs for construction firms, ensuring better financial performance
    Read More

Highlighted Content