$53m Saudi loan for city flyover

[idune]

$53m Saudi loan for city flyover

Bangladesh Sangbad Sangstha . Dhaka

Saudi Arabia would provide $53.34 million for the construction of 8.25 kilometre Moghbazar-Mouchak flyover in the capital city.
A draft loan agreement in this regard has been signed in Dhaka Monday between the government of Bangladesh and Saudi Fund for Development.

The government has decided to construct the flyover at a cost of $115 million to ease the traffic jam in Moghbazar-Mouchak area which would also help improve traffic movement in Dhaka city.

The four-lane flyover will have three separate components to facilitate the north-south traffic movement by increasing the traffic capacity at Satrasta, FDC, Moghbazar, Mouchak, Shantinagar, Malibagh road intersections and also at Moghbazar and Malibagh rail intersections. The total length of the flyover will be about 8.25 km.

According to Economic Relation Division source, the Saudi Fund for Development and the OPEC Fund have assured the government of providing $58 (should be $53) million and $28 million respectively for building the flyover by 2013.


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[eastwatch]

$53m Saudi loan for city flyover

Bangladesh Sangbad Sangstha . Dhaka

The four-lane flyover will have three separate components to facilitate the north-south traffic movement by increasing the traffic capacity at Satrasta, FDC, Moghbazar, Mouchak, Shantinagar, Malibagh road intersections and also at Moghbazar and Malibagh rail intersections. The total length of the flyover will be about 8.25 km.

Dhaka City is in need of flyovers very much. When these flyovers are connected with the proposed 26-km long expressway, it will certainly ease the unbearable traffic pressures.

However, Dhaka's traffic problem will not be eased fully until there are more bus services and until a loop rail line is constructed.

 

[EjazR]

What is the interest rate for the loan? Any figures?

 

[Sliver]

one flyover costs $53.5 million dollars?? do you have the specifics of this flyover as to why it is so expensive?

 

[eastwatch]

one flyover costs $53.5 million dollars?? do you have the specifics of this flyover as to why it is so expensive?

It is a 8.25 km long 4-lane flyover that will rise 15m above ground because it will have to pass over train lines and roads. A higher elevation is costly because comparatively more construction materials, labours and piles are used.