More than Tk 1 billion okays for Moghbazar-Mouchak flyover
The government has approved a proposal to allocate Tk 1.08 billion to finish the construction of Moghbazar-Mouchak flyover, shooting up the cost of a particular segment to Tk 4.52 billion.
According to the proposal, the money will be needed to construct an around 4-kilometre stretch of the flyover from Shantinagar to Rampura via Malibagh, Razarbagh and Mouchak.
After the meeting, Additional Cabinet Secretary Mostafizur Rahman told the media that the allotment for the contract of this part of the flyover was raised from around Tk 3.44 billion to a little over Tk 4.52 billion.
In January last year, the Executive Committee of the National Economic Council (ECNEC) approved Tk 4.47 billion more for the entire project, raising the cost by almost 58 percent in its third extension.
Planning Minister AHM Mustafa Kamal told the media at the time that the estimated cost of the project went up to Tk 12.19 billion from Tk 7.72 billion, which was estimated when the project was initiated in 2011.
The deadline to finish the project is June this year now.