The company proposed to build the 3.5km-long tunnel at least 33m down from the river bed at a cost of over USD 700M, according to the report.

The tunnel may start from the entrance of Shah Amanat International Airport and end at the naval gate (south) area in Patenga, said the officials of CCCC.

They spoke at a programme organised by Bangladesh Bridge Authority with the assistance of Chittagong Development Authority (CDA) in the port city of Chittagong.

The government plans to start the project from the early next fiscal year (July 2013), and it has been taking opinions and suggestions from the establishments situated at the river bank, according to Khondoker Anwarul Islam, secretary of the bridge authority.

Another city will be set up at the southern bank of the Karnaphuli River after the completion of the tunnel, which will save a lot of time for Dhaka and Cox’s Bazar bound transports to reach their destination, he said.