Dhaka, March 28 -- The subway network planned to be developed in the city has so far made no physical progress as the authorities could not arrange funds in almost two years since the completion of its feasibility study that showed the project economically viable.

Sources said the Bangladesh Bridge Authority (BBA) has initially tried to convince investors and funding agencies to finance some routes but only to get a lukewarm response.

The authorities conducted the feasibility study during 2019-2022 despite a dedicated government-owned company being mandated to plan, develop and operate both underground and elevated metro rail in the city.

However, the authorities proposed four subway routes to the Japanese investors during the recent J...