The 25-meter-wide and 10-km-long bridge will be built over Padma River, one of the three major rivers in Bangladesh.
About 6.15 km of the bridge is being built over the river while the remaining part on both banks.
The bridge will shorten the travel time between the capital and the southern city of Khulna from the current 13 hours to only about three hours.
The bridge is expected to promote trade and economy of Bangladesh, which, according to a World Bank report, has the potential to end extreme poverty by 2030.
Bangladesh is strategically located between China, India and Southeast Asia, making it well placed to become a trading and manufacturing hub, experts say.
Apart from connecting nearly 30 million people in Bangladesh's southwest region to the rest of the country, the bridge will enhance regional trade and collaboration along the Asian highway No. 1 and the Trans-Asian railway network.
The bridge is among the six projects that are under direct supervision of the Fast Track Project Monitoring Committee headed by the prime minister.
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