JICA may bear 80pc cost of metro rail project in city

Japan International Cooperation Agency (JICA) has given indication that it will bear 80 per cent cost of metro rail project in Dhaka city, communication minister Syed Abul Hossain told parliament Tuesday.

In reply to a question from AL lawmaker Begum Meher Afroz, he said the Japanese agency submitted a feasibility report on first loop of the metro rail last week.

“If we can start working within a short time, a substantial portion of the project will be completed within the tenure of the current government,” he said.

The Japanese government funded metro rail project in New Delhi and it is very much interested to finance similar project in Bangladesh, he added.

The pre-qualification report of Padma Bridge will be sent to the World Bank for assessment as the multilateral lending agency is going to provide a significant part of the total cost, the minister said.

About the elevated expressway, Mr Hossain said the government is expected to sign an agreement with the tender winner by December and the work is likely to start by January next year.

“We will seek proposals by this month from the four qualified bidders of the project,” he said.

Nine bidders participated in pre-qualification round to build the Airport-Narayanganj elevated expressway and out of them four were qualified, he added.

thefinancialexpress