It is a work of art created by sculptor Hedva Ser, who is a UNESCO Goodwill Ambassador, the organisation says
The taxicabs will hit the roads within three months, Communications Minister Obaidul Quader told a press conference on Wednesday.
A private organisaiton will supervise 250 taxicabs while the rest of them will be run by Sena Kalyan Trust.
Quader said 150 taxicabs will ply in Chittagong under the supervision of Sena Kalyan Trust.
The number of taxicabs has now come down to 3,000 in Dhaka from 12,000 in 2007.
Taxicab owners blame red tape and indifference of the authorities for many of them going out of business.