Dhaka, May 14 -- The hurdle to resuming the construction of the Dhaka Elevated Expressway's (DEE) unfinished part is expected to be over after nearly a year with the completion of the formalities of transferring all the shares of First Dhaka Elevated Expressway (FDEE) Company Limited, the investment company behind the project.

The shares will be transferred from the majority shareholder, Italian-Thai Development (ITD) Public Company Ltd, to two Chinese firms - China Shandong International Economic and Technical Cooperation Group (CSI) and Sinohydro Corporation Ltd.

Officials said ITD, which owned 51 per cent of the shares, has already handed over 99 per cent of its holdings to the Chinese firms, complying with a verdict given by the Sin...