Padma Bridge Project
$615m deal with ADB on June 6
The government will sign a credit assistance agreement on Monday (June 6) under which Asian Development Bank (ADB) will provide US$ 615 million for the construction of the Padma Multipurpose Bridge to help accelerate growth and reduce poverty in the country.
ADB is providing over 21 percent of the total investment cost of nearly US$ 2.92 billion for the bridge across the Padma River linking the country's southwest to the northern and eastern regions.
Economic Relations Division (ERD) Secretary M Musharraf Hossain Bhuiyan and ADB Country Director Thevakumar Kandiah will sign the agreement at the NEC-2 in the city's Sher-e-Bangla Nagar.
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