The Cabinet on Monday approved the draft of the Metro Rail Bill, 2014 to give a legal framework to the overall activities of the proposed Metro Rail project, including its operations, control and regulations.
The proposed law envisages a provision of Tk 1 crore fine and 10 years imprisonment for operating metro rail without license or illegal handover of license for operating this specialised rail link.
The Tk 220 billion projectaims at resolving traffic congestion and public transport problems. The metro rail will have 16 stations. It will begin from Uttara Sector 3 and end at Bangladesh Bank in Motijheel.
The approval of the mega project came at the regular weekly meeting of the Cabinet, said Cabinet Secretary Mohammed Mosharraf Hossain Bhuiyan.
The government will provide Tk 54 billion and JICA Tk 165 billion for the metro rail project, a 20.1 km long one, Bhuiyan added.
The metro rail design is in its final stage. Various surveys are being conducted in this regard. The metro rail will be able to transport 60 thousand passengers per hour. A special provision is being enforced to acquire land for this project.
Licences will be required to run the metro rail both on a government and private level, though any public firm will not require to pay any licence fee. Licences will be issued through a committee, which will also determine fares.
The Cabinet also approved the Public-Private Partnership Act 2014. The Saarc Framework Agreement for Energy Cooperation (Electricity) has also been approved. The Saarc Regional Railway Agreement's member status was awarded a go-ahead.
The Cabinet Secretary said that Prime Minister Sheikh Hasina would join the forthcoming Saarc Summit in Kathmandu.