(MENAFN- Bangladesh Monitor)
Dhaka: The operation and maintenance works of the Third Terminal of the Hazrat Shahjalal International Airport in the capital will be conducted under Public-Private Partnership (PPP), said
Syed Mahbub Khan, additional secretary of the Cabinet Division.
The Cabinet Committee on Economic Affairs (CCEA) approved in principle a project regarding this on January 19 at a meeting presided by Finance Minister AHM Mustafa Kamal.
However, the additional secretary added that the committee has not fixed yet the companies who will get the work for this project.
According to reports, the third terminal of the airport will be inaugurated in October 2023. More than 51 per cent of the terminal has already been completed.
The cost of the project was initially estimated at BDT 13,610 crore which later increased to BDT 21,398 crore. The construction work of the project began in December 2019.
Most of the funding for the project is coming from Japan International Cooperation Agency (JICA). The agency is giving around BDT 16,141 crore as loans. The Bangladesh government is providing the remaining BDT 5,258 crore.
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