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A press release said that Manmohan Parkash, country director of ADB and Monowar Ahmed, secretary to Economic Relations Division signed the agreements on behalf of Bangladesh and ADB respectively at a ceremony in Dhaka.
The assistance for financing project readiness will carry out detailed feasibility studies, engineering design, and procurement documentation in preparation for the 17.4-kilometer (km) line, which will be constructed between Gabtoli and Dasherkandi in Dhaka.
Line 5 is one of three high-priority lines in the capital planned for completion by 2030. The planned MRT Line 5 will serve as one of the city’s few east-west corridors and provide connections with other MRT and bus rapid transit lines going north-south.
Construction would require almost 13 km underground with 12 stations, while the remaining section will be elevated with 4 stations.
The release said the project will also design measures for climate and natural disaster resilience, and integrate features for women, children, the elderly, and people with disabilities into the design.
The design will also include advanced technology such as automated ticketing and a fare collection system with an integrated database for operations management.
The actual Line 5 project is estimated to cost about $2.5 billion and will be considered for subsequent ADB financing.
The Bangladesh government is contributing $11.32 million toward the total cost of the project readiness financing of $44.58 million, which is due for completion at the end of 2023.
This article first appeared on www.metrorailnews.in
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