The Cabinet Committee on Economic Affairs (CCEA) approved a proposal in principle for appointing a Chinese consortium as the investor for implementing the Rampura-Amulia-Demra highway project into four lane under the Public Private Partnership (PPP) initiative.
The approval came from the 32nd meeting of the CCEA this year held on Wednesday with Finance Minister AHM Mustafa Kamal in the chair.
He informed that the estimated cost of the project is around Taka 2,093 crore which would be entirely invested by the Chinese consortium.
Besides, the consortium will also maintain the highway for 25 years, he added.
Kamal said the meeting approved another proposal in principle for delisting the project on construction of flyover from Shantinagar to Dhaka-Mawa Road (Jhilmeel) under RAJUK from the PPP list.
He informed that the concerned Ministry of Housing and Public Works has proposed for withdrawing the project from the PPP list since the context of the project has been changed after its formulation 15 years back.
He said the assessment of the project was also not done accordingly for which the concerned Ministry has eventually withdrawn it.
He, however, opined that the government has enough capacity to implement such kind of projects.
