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

  • Highways: environmental problem or environmental enhancement?
    March 21, 2016
    Highways need not be a blight on the countryside that many people, urban planners included, believe they will always be. By Bram Miller, director, and Martin Broderick, environmental consultant, at Ramboll Environ While the world’s highway networks bring undoubted economic and social benefits, they are generally perceived to lead to negative environmental impacts. Some may consider this an unfair reputation, but it is difficult to argue that in the majority of cases both the construction and operation of
    Read More
  • US$4 billion for road expansion in Vietnam
    May 21, 2024
    US$4 billion investment is planned for road expansion in Vietnam.
    Read More
  • Argentina tunnel project for Buenos Aires area
    January 13, 2017
    Plans in Argentina call for the construction of a major new road tunnel project. Called the Paseo del Bajo, the tunnel will provide an important connection between the existing Illia highway and the highway joining capital Buenos Aires with La Plata. The 6.7km tunnel is costing some US$650 million and intended to carry trucks and buses only, with light traffic remaining on existing surface routes. Removing heavy traffic from existing routes on the surface will help cut congestion, as well as delivering majo
    Read More
  • Reunion road project; agreement reached
    August 13, 2020
    An agreement has been reached for the massive Reunion coastal road project.
    Read More

Highlighted Content