The construction of the second was Padma bridge at a recent meeting of the Ministry of communication with communication Minister Syed Abdul Hussain Presidency decided. The Finance Ministry, which previously shared with, that the Government not in a position, the viability gap funding under a public private partnership (PPP) initiative to provide.
Earlier, the Government, the second Padma decided bridge under a PPP initiative in a crunch in foreign financing.
The second 6.10-km long Padma bridge Paturia time is estimated cost of TK 131.21 billion communication a large part of the population of the Country?s-South and South-Western region facilitate constructed are. People in eleven Bezirke--Meherpur, Chuadanga, Kushtia, Jhenidah, Magura, Rajbari, Faridpur, Narail, Gopalganj, Jessore and Madaripur be Padma was called the benefit from the second bridge draw.
The proposal of the Division's bridge under the Ministry of communications for the construction of the second bridge over the Padma are placed before the Cabinet Committee on Economic Affairs of the Bangladesh Secretariat on Thursday. Finance Minister AMA Muhith will result in the Chair of the meeting. Communication Minister Syed Abul Hussain told Daily Sun on Tuesday that the Ministry of construction of the second Padma bridge would all measures after the signing of the agreement for the first despite claims of corruption.
?Construction second Padma bridge will be financed by a foreign country by Supplier?s credit under Deign built and operation method, ?, he added.
He however turned down an opinion on a question if it was possible, to implement such a large project as allegation of corruption, the implementation of the first was moved.
Former adviser last transitional Government Dr Akbar Ali said every day so that the construction of the first Padma bridge caused by the World Bank has been hampered by the graft allegation.
He also said that communication Minister Syed Abul Hussain not over the claim which is corruption first bridge has bothered about that, as a result there is a possibility of graft in the second.
?Supplier?s loan from a foreign country ? created a serious financial pressure on the Government in the future, he added. An official of the Ministry of finance said that the proposal for the second Padma bridge was a little surprising how came it credit on the allegation of corruption was still not sure about the mobilization of sufficient funds for the first due to the suspension of the WB?s $1.2 billion at a time when the Government.
According to the proposal of the second bridge of Padma takes place through an international tender among the design built and operate method. In the design-built method construction company of Supplier?s credit, technology and know-how for the construction of the bridge takes place. After the construction the law the Government pays to the construction company by toll bridge.
In the meantime, interests of the Supplier?s are credit between 3 and 9 percent, and the contractor delivers expertise and technology. But the interest on loans by the World Bank and IMF is between 1.5 and 3 percent.
Before the Cabinet on 19 February 2010 approved a proposal of the Ministry of communication for construction of the second Padma bridge on Paturia point at estimated cost of TK 131.21 billion with full private sector financing.
Two years ago the project proposal for the second bridge at Patura-Goalunda was with the planning Ministry for a green signal point estimated cost of TK 131.21 billion.
In 2009 the Economic Relations Division took responsibility for mobilising the Fund for the project Bank, Japanese and Chinese Governments, no initiative to do the work transferred by donors, including the World Bank, Asian development.
A communications Ministry official said that the Awami League Government has taken the project to build the second Padma bridge, as it is his top campaign promises.
The official said that Ministry is completing the details of the project on the second bridge by the end of this year and can begin the construction work during the current term of the Government.
Source: daily-sun.com
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