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

  • Morocco's road programme boosts economy
    February 9, 2012
    A major road programme instigated by King Mohammed VI of Morocco is helping to boost the country's economy and modernise infrastructure. This forms part of a plan to boost tourism, a key part of the country's income from 8 - 10 million. There were less than 300km of motorways existing when King Mohammed VI inherited the throne from his father in July 1999. Since then, the figure has increased to over 1,000km and this is set to almost double in the next five years. A hugely significant highway programme was
    Read More
  • Russian road-building industry on verge of massive cuts
    June 10, 2015
    Russia’s road building programme looks set to be cut due to economic issues - Eugene Gerden writes The Russian Government is considering a significant cut to the existing road building programme for the current year. This is due to a current economic crisis in the country, caused by Western sanctions as well as a collapse in the price of oil and gas.
    Read More
  • Australia’s road safety problems are a cause for concern
    January 23, 2019
    The Australian Road Research Board (ARRB) has highlighted key problems with road safety. According to the ARRB, these issues must be addressed if Australia’s road casualty rate is to be reduced. Road death tolls are being reduced as he latest results show, but more work needs to be done. According to the ARRB, the road death tolls in Victoria dropped 20% for 2018 when compared with the previous year. This is a major improvement, showing the gains made by Victoria’s road agency VicRoads and the state’s Tr
    Read More
  • Key Chile road project is delayed starting
    September 26, 2017
    Construction work on Chile’s Americo Vespucio Oriente 1 (AVO 1) highway is starting somewhat later than was originally planned. Originally construction of the new highway was to have commenced in September 2016, but this was then held back first to July 2017 and finally to October 2017.
    Read More

Highlighted Content