Dhaka, Jan. 9 -- A time-overrun inland container depot (ICD) project, located at Khanpur in Narayanganj, was Wednesday denied consent by the interim government for its alleged timely execution failure and faulty project proposal.

Sources said Shipping Ministry sought the go-ahead for the revised ongoing BIWTA project on internal container and bulk terminal at Khanpur by hiking the cost by 57.08 per cent to Tk 6.16 billion and also seeking four more years to complete its building.

The Financial Express published a story Wednesday regarding the revision proposal of the project which allegedly has faulty design, bloated cost, excessive execution timeline, possible conflict with nearby ICD at Pangaon, still underutilized, and a political in...