The Ministry of Civil Aviation and Tourism (MoCAT) in Bangladesh has sent a proposal to Prime Minister Sheikh Hasina to form a cell to speed up the construction of the new Bangabandhu Sheikh Mujib International Airport.
The proposed airport will be built close to Dhaka on about 6,000 acres of land, according to bdnews24.com.
The total cost of the project, including the construction of an elevated expressway between Dhaka, the airport and a monorail, is estimated to be around BDT50bn ($704m).
Initially, the airport will start operations with two runways, but there will be an option to construct a third one.
MoCAT has initially selected three sites, two in Madhupur, Tangail, and one in Trishal in Mymensingh.
Construction of the airport is expected to finish by 2013.