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The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved the 'Dhaka-Ashulia Elevated Expressway' project to ease traffic congestion in and around the capital city.
The project, involving an estimated cost of Tk 169.01 billion, was approved in a bid to construct the 24-kilometre elevated expressway, reports UNB.
The approval came from the 7th ECNEC meeting of the current fiscal year (FY18) held at the NEC conference room in the city's Sher-e-Bangla Nagar area with ECNEC Chairperson and Prime Minister Sheikh Hasina in the chair.
Planning Minister AHM Mustafa Kamal said that a total of five new projects were approved today involving an estimated cost of Tk 345.67 billion.
"Of the total project cost, Tk 124.02 billion will come from the state exchequer while the rest of Tk 221.6469 billion as project assistance," the Planning Minister told reporters after the meeting.