US$1.2 billion contract awarded to Italian-Thailand Development for Dhaka Elevated Expressway project
US$1.2 billion contract awarded to Italian-Thailand Development for Dhaka Elevated Expressway project
10/26/24, 10:38 PM
Location
dhakaMoney
$1.2 billion
Industry
smart cities
construction
Type
contract
The Dhaka Elevated Expressway (DEE), with a project value of US$1.2 billion, has faced delays due to legal conflicts and financial shortages. The Singapore International Arbitration Centre (SIAC) recently resolved a share transfer dispute, providing hope for the project's progress. The DEE aims to address Dhaka city's need for a faster cargo movement network.
Company Info
Location
dhaka, dhaka division, bangladesh
Additional Info
Italian-Thailand Development Public Limited (ITD) is involved in the construction of the Dhaka Elevated Expressway (DEE), a crucial infrastructure project for Dhaka city's traffic network.