The Executive Committee of the National Economic Council (ECNEC) approved a project for upgrading Sylhet-Tamabil highway into four-lane, including a separate SMVT, involving an estimated cost of Taka 3,586.04 crore to boost Bangladesh’s the trade and commerce.
The approval came from a meeting of the ECNEC held with its Chairperson and Prime Minister Sheikh Hasina in the chair.
The premier presided over the meeting virtually form her official Ganabhaban residence while concerned ministers, state ministers and secretaries joined the meeting from the NEC Conference Room in the city’s Sher-e-Bangla Nagar area.
Briefing reporters after the meeting, Planning Minister MA Mannan said that a total of six projects were approved on Tuesday involving an overall estimated cost of Taka 6,628.99 crore. “Of the total project cost, Taka 2,071.10 crore will come from the government of Bangladesh while Taka 4,593.89 crore as loan assistance,”
Talking about the ‘Upgrading Sylhet-Tamabil Highway into 4-Lane with Separate SMVT Lanes’ Project, the minister said the highway will be upgraded with slow-moving vehicular traffic (SMVT) lanes, which will also be a cross-border road.
“We hope it’ll open the connectivity with the East — Assam (India), Bhutan, Nepal, China and Myanmar,” he said.
The highway project will be implemented by June 2025 at a cost of Tk 3,586.05 crore. Of the cost, the Asian Infrastructure Investment Bank (AIIB) is providing Tk 2,970.56 crore, said Mannan.