In 2020, the GOB signed an agreement with ADB for providing a 25-year-long credit line worth USD50 million to BIFFL for re-lending to the eligible subprojects structured in the PPP modality. The project aims to strengthen BIFFL’s institutional capacity to develop and facilitate infrastructure projects. BIFFL is also receiving technical assistance of USD0.65 million as per the agreement. Meanwhile, BIFFL has signed the Common Terms Agreement and onshore facility agreement for providing a loan of BDT1,075 crore to the subproject implementing SPV “Dhaka Bypass Expressway Development Company Ltd.”
The Dhaka By-pass Road is a strategic corridor for freight movement linking the manufacturing centre to the north of Dhaka with the centre of shipping activity at the port of Chittagong in the south. A two-stage bidding was conducted by RHD in 2017 for implementing the “Upgrading of Joydevpur-Debogram-Bhulta-Madanpur (Dhaka By-pass) Road (N-105) into 4 Lanes through PPP, where the Consortium was identified as the Preferred Bidder through a rigorous technical and financial evaluation.
Consortium of Sichuan Road and Bridge (Group) Corporation Limited (SRBG), Shamim Enterprise (Pvt.) Limited (SEL) and UDC Construction Limited (UDC) is in the process of forming a Project Company named Dhaka Bypass Expressway Development Company (DBEDC).
The PPP Contract of the Project has been signed on December 6, 2018 between the Roads and Highways Department (RHD) under the Ministry of Road Transport and Bridges and the Consortium.
It is basically a 48 km 2 lane road which will be expanded to 4-lane by-pass connecting Joydevpur to Modonpur. The proposed subprojects include 6 new bridges for the mainline and service lanes, 8 new mainline overpasses, 46 existing box culverts and lengthened box culverts, 49 new culverts, 12 new channels and 8 pedestrian overpasses. It will connect the ongoing SASEC Road Connectivity project. Total project cost of the project is USD 358.83 million.