The government is going to turn the 43km Sylhet to Sheola Land Port road into a dual carriageway to improve regional connectivity.
Bangladesh has averted a potential major crisis by reaching out to the International Monetary Fund (IMF) in a timely manner, said Kaushik Basu, a former chief economist of the World Bank.
The long-cherished Padma bridge is set to cost more after the bridges division sought more funds and time to complete the structure even though it is open to the public since June last year.
The government has a plan to undertake a Tk 5,651-crore project to construct a 15.31km elevated road in the haor region of Kishoreganj to establish the district’s direct road links with Dhaka, Sylhet and other districts.
The proposed Bhanga-Jashore-Benapole Highway development project will be setting an example of how poor planning and uncertainty over funding can escalate the implementation costs sharply.
That development projects in Bangladesh are rarely completed on time and within the original budget is well established by now.
Bangladesh stands to lose $7 billion in export earnings every year once it graduates into the developing country bracket in 2027 as the trade benefits it currently enjoys will be phased out then, a Planning Commission report says.