The government will upgrade the existing Dhaka (Joydevpur) Mymensingh Road into expressway with service lane on both sides through Public-Private Partnership (PPP) initiative with a Korean company to further improve the road connectivity.
The approval came from the 16th meeting of the Cabinet Committee on Economic Affairs held in Dhaka on Wednesday virtually with Finance Minister AHM Mustafa Kamal in the chair, reports BSS.
Briefing reporters after the meeting virtually, Kamal said Korea Overseas Infrastructure and Urban Development Corporation (KIND) will further widen the existing four-lane highway from Joydevpur to Mymensingh through incorporating some components under the PPP- basis.
The finance minister informed that the Korean company would bear an initial estimated cost of Taka 33.53 billion for the upgradation while the government would spend Taka 2.80 billion for rehabilitation of the affected establishments due to the upgradation while around Taka 1.00 billion for utility transfer.
Asked whether the finance ministry could play a role to help the expatriate Bangladeshis who are willing to go to Saudi Arabia, but facing dearth of flights and tickets, Kamal said the concerned ministries including the Ministry of Foreign Affairs are looking into the matter.
He said the countrymen as well as the government want that these Saudi returnees could go back to their places of work and thus could earn valuable foreign currencies for their motherland and also for their family members.