Dhaka, May 17 -- A big-budget investment of US$59 billion is estimated in an updated strategic plan to improve Dhaka's transport system as officials say lacking in planning heretofore resulted in the capital city's deteriorating traffic situation.

The investment requirement has been proposed in the Strategic Transport Plan (STP), now being revised for a second time, for next 20 years, sources said, with focus on bus-route rationalization and upgrading traffic controls.

They mentioned that the government is revising the plan to find solution to the chaotic traffic situation -- allegedly caused by a lack of proper initiatives over the past 20 years -- and to focus on traffic management and bus-network improvements.

According to the lates...