The initially estimated costs of these projects were $11.2 billion in total

For the first time, a proposal for a mega project will be sent back for further review as the interim government intends to re-evaluate all large projects to assess their usefulness carefully.

The construction materials industry of Bangladesh has registered massive growth over the past decade as some mega projects are providing ample opportunity for capacity building and ensuring world-class products, according to industry insiders.

This unusually high construction costs of various megaprojects in Bangladesh are fuelled by irregularities, corruption, and problems with project planning.

One of the most common shortcomings of the general art of prediction among economists is that the information we rely on draws on a theoretical framework based on past data and future expectations.

Yet, govt’s response is to hold no one accountable