Thursday 29 June 2017
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Proposal to hike Payra project cost by 250pc

Within less than two years, the Payra Port Authority has proposed to raise its project cost abnormally by 250 per cent due mainly to inclusion of foreign consultants and increased land prices, officials said Monday. If approved the cost of the Payra port development project will be enhanced to Tk 39.48 billion from its preliminary estimate of Tk 11.28 billion. The port authority has sought revision of the project increasing the cost by 250 per cent. It has also appealed for extending the execution timelin

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