Work to go ahead on Bangladesh expressway

Work on a new elevated expressway is now due to commence in Bangladesh. The project will be carried out by 1042 Italian-Thai Development (ITD). The agreement is for a 25 year concession deal with the 1049 Bangladesh Bridge Authority (BBA). The project is worth US$1.25 billion and is being carried out under the PPP model. The construction phase is expected to be complete within a three year timeframe. The project will be financed using bank loans as well as by ITD and its partners. ITD is in discussions with 2332 World Bank, the 1053 Export-Import Bank Of Thailand, the 943 Asian Development Bank and 1055 Standard Chartered to finance the project.