Bangladesh Bridges Authority and Spanish consultancy firm TYPSA yesterday signed an agreement for conducting a feasibility study on building an subway in the capital.
BBA Chief Engineer Kabir Ahmed and TYPSA Managing Director Antonio Rodriguez Castellanos signed the deal on behalf of their respective organisations.
At the signing ceremony at Sonargaon Hotel, Road Transport and Bridges Minister Obaidul Quader said the cost of the subway has been estimated at Tk 80,000 crore.
The feasibility study project was included in the Seventh Five Year Plan as a priority project as per the prime minister's directive.
The planning ministry approved the project on November 8 last year. The Spanish firm was picked by the Bridges Division as the consultant for the project.
Once completed, about 40 lakh out of around 80 lakh working population of Dhaka city would be able to use the underground subway on four routes and there will be no traffic jam in the city, said officials.