Ecnec approves new Metro Rail project, revises 2 others; total cost Tk 2.5 lakh crore

The Executive Committee of the National Economic Council (Ecnec) today approved a new project for the construction of MRT Line-5 (Southern) and revisions to the existing MRT Line-1 and MRT Line-5 (Northern) projects, involving an estimated total cost of around Tk 2.5 lakh crore.

The approval came at an Ecnec meeting chaired by Prime Minister Tarique Rahman.

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Under the decisions, the newly proposed MRT Line-5 (Southern) project will be financed by the Asian Development Bank (ADB), while the revised MRT Line-1 and MRT Line-5 (Northern) projects are being funded by Japan.

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Another metro getting on track

According to the proposal, the revised 31.24km JICA-funded MRT Line-1 project will cost Tk 1,14,394.89 crore.

The revised MRT Line-5 (Northern) project, covering 20km, has a total outlay of Tk 89,848.36 crore.

The newly proposed 17.20km MRT Line-5 (Southern) project, which features a 13.10km underground segment, has an estimated cost of Tk 45,503 crore.