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    Home » ‘Padma Bridge project was entirely funded by Bangladesh government’

    ‘Padma Bridge project was entirely funded by Bangladesh government’

    EditorialBy EditorialJune 19, 2022Updated:June 19, 2022 World No Comments3 Mins Read
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    Construction companies from the nation and overseas have been engaged within the undertaking, Dhaka says

    Construction companies from the nation and overseas have been engaged within the undertaking, Dhaka says

    Days forward of the inauguration of the Padma Multipurpose Bridge, the federal government of Prime Minister Sheikh Hasina has clarified that the landmark infrastructure undertaking was not a part of China’s Belt and Road Initiative (BRI).

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    The 6.15-km-long bridge has been underneath building since 2014, and Dhaka mentioned that the undertaking was “entirely funded” by the Government of Bangladesh, whereas building companies from each Bangladesh and overseas have been engaged for the completion of the undertaking.

    “The completion of this bridge will fulfil the long cherished dream of the nation for connecting the 19 south-western districts with the rest of the country resulting in collective prosperity, socioeconomic development of Bangladesh as well as enhanced regional connectivity,” the Ministry of Foreign Affairs of Bangladesh mentioned in a press release.

    According to the web site of the Padma Multipurpose Bridge , the preliminary plans concerned securing of funds from the World Bank, the Asian Development Bank, the Japan International Cooperation Agency (JICA) and the Islamic Development Bank however on July 9, 2012, the Sheikh Hasina authorities determined to not take loans and determined to finish the undertaking with its personal funds.

    The accomplished bridge consists of a railway observe which can function on the first degree and the second degree will likely be meant for vehicular site visitors. The bridge connects the Mawa and the Janjira banks of the Padma which is understood for the huge quantity of water that it carries throughout a lot of the yr.

    Bridging the mighty river has been a dream undertaking of Bangladesh because the formation of the nation in 1971. The pre-feasibility research was lastly carried out in 1998-99 throughout the first tenure of Ms. Hasina.

    The undertaking was restarted with the return of Ms. Hasina because the Prime Minister in January 2009. The undertaking started taking form in 2014-15. Foreign funding businesses reminiscent of JICA have been concerned on the stage of evaluation and analysis of the undertaking, however the Bangladesh authorities took cost of the funding of the undertaking that price roughly $3.9 billion.

    The building of the bridge was awarded to China Railway Major Bridge Engineering Group, a state-owned entity in China. The Information Minister of Bangladesh, Hasan Mahmud, has argued that the Chinese main was given the contract to construct the undertaking after a due course of of world tendering.

    The 6.15-km-long bridge is accompanied with a 3-km-long viaduct and round 12.117 km of entry highway networks that can join the neighbouring districts. Operationalisation of the bridge will minimize travelling time between two sides drastically which is predicted to assist connectivity in Bangladesh in addition to in motion of products and folks with India.

    “The Ministry of Foreign Affairs earnestly hopes that all friends of Bangladesh will join hands in celebrating the completion of this landmark project of Bangladesh,” the assertion added.

    Source: www.thehindu.com

    BRI China China’s Belt and Road Initiative Padma bridge Padma Multipurpose Bridg Sheikh Hasina
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