Kawla-Tejgaon portion of the four-lane 19.73 km Dhaka Elevated Expressway (DAE) is now visible as the overall progress of the construction work has  reached over 57 percent till January this year.

“The much-anticipated four-lane 19.73 km Dhaka elevated expressway, having 31 ramps, is being constructed under Public Private Partnership (PPP) method to ease vehicular movement in an around the capital,” said Project Director of Dhaka Elevated Expressway AHMS Aktar today over phone.

He said the government has undertaken the elevated expressway project to connect the capital to the Dhaka-Chattogram Highway (Kutubkhali).

According to the project, the First Dhaka Elevated Expressway (FDEE) Company Ltd is the investor company.

Italian Thai Development Public Company Ltd has 51 percent shares, China Shandong International Economic and Technical Co-operation Group (CSI)’s 34 percent and Sinohydro Corporation Ltd has 15 percent shares.

The total expenditure of the project is estimated at Tk 8,940 crore. Of the total cost, Tk 2,413 crore will be provided by Bangladesh government, it said.

As per the project, the first contract was signed on January 19, 2011 and the reviewed agreement was signed on December 15, 2013 and the project completion period was from July 2011 to June 2024.