Dhaka, Nov. 26 -- Construction of the Dhaka-Ashulia Elevated Expressway (DAEE) is moving ahead at a fast pace, but project costs are set to rise by at least Tk 10 billion due to changes in design, extensive utility shifting, and the need to integrate new ramps with key infrastructures, including Hazrat Shahjalal International Airport (HSIA) and the Mass Rapid Transit (MRT) station at the airport.
According to project officials, the additional funds will have to come from the government, as China EXIM Bank will continue financing only 85 per cent of the contract value agreed upon with the Chinese contractor in 2022. The remaining amount, including land acquisition and variation works caused by design revisions, must be borne by the governme...