Dhaka, June 1 -- A Memorandum of Understanding (MoU) has been signed to establish a monorail system in Chattogram, the country's first, aimed at easing traffic congestion and modernising the city's public transport network.

The MoU was officially signed on Sunday between CCC and the implementing firms-- a German-Egyptian joint venture, Orascom Group and Arab Contractors Group--- held at the World Trade Center in Chattogram, to move forward with the monorail project, UNB reports.

The Chattogram City Corporation (CCC) has taken the initiative to implement the project.

Two international companies-a German-Egyptian joint venture, Orascom Group and Arab Contractors Group-have expressed interest in executing the monorail construction.

The p...