Dhaka, Oct. 25 -- Construction of a new Meghna bridge on the Bhulta-Araihazar-Banchharampur road is likely to be delayed indefinitely following a lack of response from Korean investors in the proposed Public-Private Partnership (PPP) project.
The planned bridge will span 3.31 kilometres, with 4.5 km of approach roads and 2.5 km of river training work, at an estimated cost of Tk 75 billion.
The Bangladesh Bridge Authority (BBA) has decided to implement the US$882 million project as a government development initiative after withdrawing it from the PPP pipeline and has informed the PPP Authority of the move.
Officials said the decision came after the project's Request for Proposal (RFP) closed on May 10, following several extensions, with...
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