Economy
PM Hasina officially proclaims completion of Karnaphuli Tunnel’s south side
Prime Minister Sheikh Hasina on November 26 today have joined an event marking an end to the general work of Bangabandhu Sheikh Mujibur Rahman Tunnel’s south tube, which goes beneath the river Karnaphuli in Chattogram. She also officially proclaims the completion of the tunnel’s south side.
Sheikh Hasina joined the event, organized by the Bridges Division, virtually from her official residence Ganabhaban.
Construction work of the Karnaphuli Tunnel’s southern end has been completed entirely, while 99 percent work of the tunnel’s northern end has been finished.
This is the first under-river tunnel in South Asia, which is expected to contribute 0.166 percent in the national economy growth with boosting employment, tourism, and industrialisation. Karnaphuli Tunnel is expected to improve the traffic situation in Chattogram.
According to project sources, two 5.35km approach roads are being constructed on the eastern and western sides of the tunnel. The length of the tunnel is 3.32km, and it is being constructed at a depth of 18 to 31 metres under the Karnaphuli river.
According to officials, as of now, the overall progress of the project is 94 percent. It’ll take two more months to complete the rest of the work.
Karnaphuli Tunnel is being built at a cost of Tk 10,374 crore. The tunnel project is being implemented with joint funding of the governments of Bangladesh and China (G2G). The Exim Bank of China is giving a loan of Tk 5,913 crore while the Bangladesh government is funding the rest.
The Karnaphuli river divides Chattogram into two parts. The tunnel being built – following the “One City, Two Towns” model like Shanghai in China – will connect the port city on the north with Anwara upazila on the south.
At present, the construction of a toll plaza at the tunnel’s Anwara end is going on in full swing.
Project officials are hoping that the Karnaphuli Tunnel will bring about revolutionary changes to the road communication landscape between Dhaka-Chattogram-Cox’s Bazar. Chattogram’s Anwara has already started to witness a change in its fortune through setting up of new industries on both sides of the tunnel’s approach road in the upazila.
At least 10 large industrial groups and 150 businesspeople have bought land in advance to establish factories in various sectors – power, petroleum, apparel, shipbuilding, fish processing, steel, cement and oil refinery – on the south bank of the Karnaphuli, according to official data.
The tunnel will reduce the distance between Cox’s Bazar and Chattogram by 40km.
Expatriate Bangladeshis sent approximately US$ 2.11 billion in remittances during the first 28 days of September in the fiscal year 2024-25, according to data released by Bangladesh Bank on 29 September.
Of this total, state-owned and specialised banks handled $679.10 million, while private banks received $1.43 billion in remittances.
Chief Adviser to Bangladesh’s interim government, Professor Muhammad Yunus, has vowed to expedite reforms and hold elections swiftly. Yunus, who recently assumed the role after the collapse of Prime Minister Sheikh Hasina’s 15-year administration, expressed his commitment during an interview with Tokyo-based news outlet NHK WORLD in New York on Sunday. He was attending the United Nations General Assembly at the time.
Following mass student-led protests that ended Hasina’s long-standing rule in August, Yunus stepped in as the leader of the caretaker government. Known for founding Grameen Bank, an institution providing microloans to the underprivileged, Yunus, along with the bank, earned the Nobel Peace Prize in 2006 for his efforts in poverty alleviation.
During the interview, Yunus emphasized that the interim government’s primary mission is to implement reforms promptly and ensure elections are held as soon as the groundwork is complete. He underscored the importance of success, stating, “Failure is not something that we can accept.”
Addressing the pivotal role of students in the ousting of the Hasina administration, Yunus acknowledged the sacrifices made by young people, referring to their involvement as part of a “revolution.” He highlighted his intention to engage the younger generation in shaping policy.
Furthermore, Yunus called for continued support from Japan, Bangladesh’s largest donor, during this crucial transition period. He stressed that Japan’s assistance is vital to stabilizing Bangladesh’s economy and fostering a democratic foundation in the nation.
Syeda Rizwana Hasan, the Adviser for Environment, Forests, and Climate Change, announced today that steps will be taken to restrict the use of polythene shopping bags to safeguard future generations.
Starting from October 1, polythene bags will be banned in shopping malls, followed by a ban in kitchen markets from November 1.
“Everyone must take responsibility and stop using polythene voluntarily. Action against polythene producers will begin from November 1,” Rizwana Hasan stated during a seminar.
The Department of Environment (DoE) organized the seminar to raise public awareness about alternatives to banned polythene bags.
Rizwana Hasan highlighted that the restriction on polythene will be executed in phases according to legal provisions, and discussions with shopping centers and store owners are ongoing to ensure a smooth transition.
She also announced plans to make the government secretariat a plastic-free zone by December.
Other speakers at the seminar included Environment Secretary Dr. Farhina Ahmed, DoE Director General Dr. Abdul Hamid, Director Rajinara Begum, President of the Shop Owners Association Muhammad Helal Uddin, and Md. Arifur Rahman Bhuiyan, Assistant Professor of Environmental Science at BUP. They discussed the harmful effects of polythene and the need for alternative products.
Earlier, Rizwana Hasan inaugurated a fair showcasing eco-friendly alternatives to polythene bags and visited 24 stalls. The fair featured products from government and private entrepreneurs, including reusable bags, jute bags, paper bags, and items made from bamboo and cane.
