The operation and maintenance works of the third terminal of the Hazrat Shahjalal International Airport in Dhaka will be conducted under Public-Private Partnership (PPP), according to recent statements made by Syed Mahbub Khan, additional secretary of the Cabinet Division.
On Thursday, 19 January, The Cabinet Committee on Economic Affairs (CCEA) approved this in principle during a meeting which was presided over by AHM Mustafa Kamal, Finance Minister.
The information about the topics discussed during this important meeting was relayed to the press by a statement made by Syed Mahbub Khan, the additional secretary of the Cabinet Division.
After the meeting, he stated, “The project titled ‘Operation and Maintenance of Terminal-3 at Hazrat Shahjalal International Airport’ will be implemented under PPP. We have approved this in principle.”
However, he also mentioned that the companies for the partnership, in other words, the parties who will be carrying out these projects, have not been fixed yet.
Some internal sources reveal that the inauguration of the third terminal which was modelled after the Changi Airport in Singapore will take place this October. So far, the construction of the airport’s third terminal has reached more than 51% of completion.
According to sources from the Civil Aviation Authority (CAAB), the Executive Committee of the National Economic Council (Ecnec) approved the construction project of the third terminal for the Shahjalal Airport on 24 October 2017.
The construction work of the third terminal of Dhaka airport began after two years, in December 2019. The project was initially estimated to cost Tk13,610 crore, however, after the construction had started it significantly increased to Tk21,398 crore.
Surprisingly, around Tk16,141 crore of this project cost is being funded by the Japan International Cooperation Agency (Jica) and Tk5,258 crore of the rest was a loan given to the project by the Bangladesh government.