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A Leading Mass Rapid Transit Financial Advisory Service
Dhaka, the capital of Bangladesh, is the most densely populated city in the world with about 43,500 people per square kilometer. To meet the transportation demand of such a huge population, a high-quality Bangladesh Mass Rapid Transit (MRT) system is needed. However, because there is none, the number of private vehicles has increased rapidly, causing severe traffic congestion, stunted economic development, and degraded environment.
Bangladesh is on the verge of becoming a developing country. As a result, the infrastructure of the country is improving. And we’re here to help you with financial advice for your infrastructure business.
Get Specialized Financial Advisory For Development
If you work in the infrastructure industry, NetworkBD can help you develop long-term strategy for reducing financial risk and increasing wealth. Moreover, we can help you design a strategy for achieving your financial objectives.
Financial advisors receive a variety of degrees and certificates. Moreover, they come from various backgrounds and provide a variety of services. As a result, they can do a lot more than just explain language and guide you through mutual fund selection.
Infrastructure development and financing are areas of expertise for our experienced advisors. As a result, we will not let you down with our service. You can also consult with our overseas branch experts if you choose. They’ll show you how to make the most of your money.
Finally, financial consultants help you with all elements of financial planning, including financial plans for mass rapid transit projects. That means they can help you with everything from estate planning to infrastructure planning.
Bangladesh Mass Rapid Transit : Learn The History So Far
Dhaka Transport Coordination Authority (DTCA) developed a 20-year strategic transport plan. In order to change and establish a better integrated transit system for the city’s rapidly rising population. However, the primary goal of mass rapid transition in bangladesh is to reduce traffic jam.
To give greater transit options, the Dhaka Metro MRT system was established. The project will, however, be coupled with the Bus Rapid Transit (BRT) and Mass Rapid Transit (MRT) initiatives. Not to mention the fact that such projects are massive and necessitate experienced financial advice.
The Japan International Cooperation Agency (JICA) financed Dhaka Urban Transport Network Building Survey (DHUTS 1) evaluated Dhaka’s STP and chose the first MRT Line-6 from Uttara, a northern suburb, to Motijheel for development. In the year 2014, the project’s design work began.
Aid In Economic & Social Development By Improving Infrastructure
Fixed route systems, such as subway trains and metros, or non-fixed route systems, such as buses, are used for mass transit. It has the potential to be more cost-effective, environment friendly, and time-saving.
Furthermore, it is the most effective method of minimizing the city’s ever-increasing traffic congestion. Mass transportation has the advantage of requiring less rights of way and less infrastructure development than freeways and roads.
The 3 Positive Impacts Of Using Mass Rapid Transit In Bangladesh
1. Reduces Congestion
The primary goal of mass transit is to minimize the number of automobiles on the road by providing a larger facility that can carry a greater number of passengers, hence alleviating traffic congestion. Moreover, Bangladesh Mass Rapid Transit (MRT) compared to other modes of public transportation, is thought to be more environmentally benign.
Compared to public cars, private automobiles produce around twice as much carbon monoxide and other volatile organic compounds. Mass transit minimizes the number of cars on the road, lowering emissions from individual vehicles.
2. Saves Time
Because it travels at high speeds and only stops at certain locations, mass transit significantly lowers travel time.
Furthermore, all members of society, regardless of their financial standing, religion, or caste, are able to travel, enhancing the country’s social integrity. A driver’s license is also no longer required. It is a boon to those who are unable to drive.
3. Cost Effective
Dhaka desperately needs a large-scale public transit system. Otherwise, pollution and congestion would continue to rise in the city, regardless, how many signal-free lanes are developed.
Bangladesh Mass Rapid Transit expansion can boost the country’s economy by increasing the usability and efficiency of the public transportation system as well as increasing business for commercial ventures. Other businesses benefit indirectly from public transportation. Compared to private transit systems, mass transit systems save money on labor, materials, and energy.
Furthermore, because of its reasonable capacity, mass transportation allows a greater volume of cargo to be transported to distant places in less time than private vehicles. Because of their increased capacity, which allows them to transport high-efficiency engines, they also aid in fuel conservation.
Why Hire Us For Mass Rapid Transit Project Financial Advisory?
- For overseas investors, we provide a full range of financial accounting services.
- We deliver our knowledge as a prominent financial service provider in Bangladesh.
- For customer pleasure, we provide cost-effective and flat-fee services.
- We provide tax and investment advice that is both effective and efficient.
- We provide both online registration and online temporary consulting with specialists.
- We have specialists and engineers on staff to assist you with your consultation.
FAQ For Bangladesh Mass Rapid Transit (MRT) Advisory
Why not simply increase the number of buses on the route to improve traffic?
Passengers not only take longer to arrive when traffic congestion is severe, but the bus system also loses capacity. If a bus takes an hour to travel but takes two hours during rush hour, the effect on passengers is the same as having just half the fleet on the road. Therefore, mass rapid transit of train is a better solution.
Is it possible for more than one company to run the system?
How will the introduction of MRT affect economy?
How will construction of Mass Rapid Transit Affect Road Conditions?
Road and traffic conditions were one of the most extensively investigated variables, with minute details evaluated. We have developed a strategic plan based on several evaluations of traffic patterns and current road conditions in order to reduce road damage and traffic congestion.
Traffic routes around building sites will be diverted, alternate roads will be introduced, and enclosures will be erected around work sites to minimize accidents and spillage, among other things, to alleviate public suffering during construction. For further information on the Traffic Management Plans and Notifications, please visit the following website.