Societies across the world continue to move toward megacity cultures, lifestyles, and economies that are becoming more important than the countries that spawn them. As a result of this trend, there is a growing tendency among owners and developers to combine smaller and multiple commercial projects into large, single megaprojects whose construction costs exceed USD 1 billion. For a country like Bangladesh, infrastructure-megaprojects are crucial drivers for accelerating economic growth. The country has a higher GDP growth rate than other neighboring countries like India, Sri Lanka, Pakistan and Bhutan. In the outgoing budget for fiscal year 2019-20, government of the People’s Republic of Bangladesh allocated BDT 40,000 crore to implement 10 mega projects in order to strengthen the country’s communication network, and to develop the power and energy sector to boost the economy.

There are ongoing megaprojects being implemented at Payra, Moheshkhali, and Matarbari. The projects have classified these areas as power hubs. The government is also implementing a number of megaprojects to establish an integrated and uninterrupted communication network in the country. The Padma Bridge, the tunnel under the Karnaphuli river, the Dhaka Elevated Expressway from Hazrat Shahjalal International Airport to Kutubkhali of Dhaka-Chattogram highway are among those.

These large infrastructural undertakings and mega projects can transform communications, transportation, ports and energy scenarios of Bangladesh and can help us achieve high mid-income country status.