EBL to manage toll collection of Chattogram Elevated Expressway

Chattogram Development Authority (CDA) has partnered with Eastern Bank PLC (EBL) to enhance toll collection efficiency and financial transparency.  

Under the terms of the partnership, Eastern Bank will 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 modernising 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 today at Hotel Agrabad, Chattogram.
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 commuters' evolving needs and operational demands. These solutions, developed in close coordination with CDA authorities, will enhance convenience, minimise congestion, and optimise overall toll management.

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; Rabindra Chakma, Secretary, Chattogram Development Authority; M. Khorshed Anowar, DMD, Head of Retail and SME Banking; Mesbah Uddin Ahmed, Branch Area Head—Chattogram; and Sanjay Das, Head of Corporate Business—Chattogram from EBL, along with senior officials from both organisations.