The government of Bangladesh has given the go-ahead to the BDT169bn ($2bn) Dhaka-Ashulia Elevated Expressway project.
Bangladesh's Bridges Division has signed a memorandum of understanding (MoU) with the China National Machinery IMP & EXP (CMC) to build the project. The project aims to facilitate entry and exit of vehicles to and from Dhaka, and support trade in the region.
The 24km expressway will be built between Hazrat Shahjalal International Airport in Dhaka and Ashulia. The project scope also includes construction of a 10.84km ramp, Nabinagar flyover, bridge, overpass, and upgrading 14.28km of road.
China will offer a funding of around BDT109.50bn ($1.31bn) for the project, while the Bangladesh government will offer BDT59.51bn ($715.7m). Work on the project is slated to be concluded by 2022.