To enhance toll collection efficiency and financial transparency, Chattogram Development Authority (CDA) has partnered with Eastern Bank PLC. (EBL). Under the terms of the partnership, Eastern Bank to manage toll collection and deposit services for the recently inaugurated Shaheed Wasim Akram Flyover, popularly known as Chattogram Elevated Expressway, in Chattogram. This collaboration marks a significant step in modernizing Chattogram’s transportation infrastructure and revenue management.
Engineer Md Nurul Karim, Chairman of Chattogram Development Authority and Ali Reza Iftekhar, Managing Director and CEO of EBL signed an agreement to this effect at Hotel Agrabad, Chattogram, today.
EBL will oversee the daily toll collection from all active toll booths along the Elevated Expressway, extending from Lalkhan Bazar to Shah Amanat International Airport. EBL will ensure a seamless deposit process into CDA’s designated EBL account, strengthening financial accountability and operational efficiency.
Moreover, EBL will introduce cutting-edge digital toll collection solutions, tailored to meet the evolving needs of commuters and operational demands. These solutions, developed in close coordination with CDA authorities to enhance convenience, minimize congestion, and optimize overall toll management.
Speaking at the event, Engineer Md Nurul Karim, Chairman of CDA said, “This collaboration with EBL will significantly enhance our toll management system, ensuring transparency and efficiency while contributing to Chattogram’s overall urban development.”
Ali Reza Iftekhar, Managing Director and CEO of EBL, said, “It is a great opportunity to support CDA in streamlining toll collection through our banking expertise and digital solutions. This initiative underscores our commitment to advancing smart infrastructure and seamless financial services in Bangladesh.”
The signing ceremony was attended by Md Mahfuzur Rahman, Project Engineer; and Rabindra Chakma, Secretary, Chattogram Development Authority; M. Khorshed Anowar, DMD, Head of Retail and SME Banking; Mesbah Uddin Ahmed, Branch Area Head- Chattogram; Sanjay Das, Head of Corporate Business- Chattogram from EBL were present along with senior officials from both the organizations.
