Padma Bridge to be completed in time, hopes World Bank
The World Bank (WB), one of the major development partners in financing the Padma Multipurpose Bridge, is confident about timely completion of the bridge project.
The bank, in a statement, said yesterday that the preparation for the bridge is moving ahead in full swing and the government along with the four development partners is working closely to complete the construction in time.
The government has already finalised the design of the main bridge. The pre-qualification (PQ) of prospective contractors is also underway, it said.
The bank, however, observes that like any other large-scale infrastructure project, the construction of the Padma Bridge will require relocation of some households and businesses and the development of the resettlement sites is progressing well.
Bangladesh Bridge Authority has undertaken extensive consultation with the local communities in the project area, particularly over entitlement policies, relocation options and livelihood development approaches.
It said the WB board would approve a credit of $1.2 billion in next February. The bank has also assured the government of another US$300 million for the bridge through additional financing procedure.
Approximately 6.15 km long, the bridge will have option of adding rail track when the rail track will be constructed in the region.
Connecting the south-west region with the more economically advanced eastern and central parts of the country, the bridge is expected to increase the country's GDP growth by 1.2 percent, the WB said.
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