Dhaka, Jan. 4 -- The Bangladesh Road Transport Corporation (BRTC) has spent only Tk 27.5 million in more than two and a half years -- just 0.24 per cent of the total Tk 11.33 billion project -- to procure 340 CNG-powered single-decker air-conditioned buses.

Amid delays in bid evaluation, foreign lender approvals, contract signing and delivery, the Roads Transport and Highways Division (RTHD) has proposed extending the project tenure by another year without any additional cost, sources said.

"Separate proposals were sent last week to the Planning Commission, the Implementation Monitoring and Evaluation Division (IMED) and the Economic Relations Division (ERD) seeking an extension of the project tenure until December 2026," a senior RTHD ...