TopCat
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MoU with China ? Do you even know what these words mean ?
That highway construction is funded via Japan debt cancellation fund. In 2006, the contract went to a Pakistani company, which got cancelled in 2010 and went to a Chinese company, Sinohydro Corporation. They were supposed to complete the job by end of 2013, but completed only 30% in that time and asked for more money than what was agreed before, I forgot the amount. It' mid-2015 and still not completed.
The main reason for the delay is our Honorable Prime Minister. She signed a note while passing the project that the earth filling must be done from dredged sand from the river which was insane. To stay safe the contractor sub contracted the earth filling who actually started collecting the sand from hills of Chittagong instead of river bed. The environment guys sued them and chased them away. By that time the project cost inflated many fold. I dont blame the contractor for this though.