Thursday, February 22, 2024

It’s possible to walk across the Padma now

All 2,917 road slabs in place on Padma bridge The Padma bridge project yesterday moved one step closer to completion after the authority finished the installation of all road slabs linking both sides of the Padma river through the roadway. Now it is possible to cross the Padma river by walking across the 6.15 kilometre-long ... Read more

Govt out to find sources but WB

Padma Funding Govt out to find sources but WB Economists warn it not to hurry into the bridge project The government has decided to approach Bangladesh’s potential bilateral and multilateral development partners other than the World Bank to finance the Padma Bridge project. The finance ministry has instructed the Economic Relations Division to write to potential ... Read more

Curtain drawn on WB Padma episode

An irritated govt withdraws request to review loan cancellation The government has finally decided not to take the World Bank’s loan for financing the Padma Bridge project as it has withdrawn its request to the donor agency to review the cancellation of a $1.2 billion credit, officials said. In a significant development, the government sent ... Read more

ADB follows suit

Asian Development Bank, one of the co-financiers of the Padma Bridge project, has declined to go ahead with the ‘transaction’ following the discontinuation of the Padma Bridge funding by the World Bank. ‘…a discontinuation of funding by the World Bank means ADB is also unable to proceed with

Decision unlikely by Jan

Outgoing WB country chief says govt free to go for alternative Padma funding; feels proud of anti-graft role World Bank Country Director Ellen Goldstein yesterday said she is unsure whether the bank’s decision on the financing of the Padma bridge project would come in a month. She also said the Bangladesh government is free to ... Read more

Let’s now help build bridge fast

Co-financiers to nudge WB to cut bureaucracy in the Padma project The Asian Development Bank and Japan International Cooperation Agency will propose forming a task force for new procurement arrangements for speedy and clean implementation of the Padma Bridge project. Officials of the ADB and Jica — co-financiers of the project — said they will ... Read more

Target clean project

Lenders to gain control for containing corruption, ensuring quality The long-cherished Padma bridge project will now be implemented with a new approach, with donors having more clout in the procurement to ensure quality work and prevent corruption in the project. Donor agencies and the government are now negotiating about various options to this end after ... Read more

Cost to go up by $145m

The cost of the Padma bridge project would increase by around 5 percent or $145.75 million due to a one-year delay in starting construction, an expert said yesterday. The bridge project would now cost $3.06 billion. The construction was supposed to be done by 2015. Now, it will take a year more if

Loss of time, loss of money

Bridge Site Protection Loss of time, loss of money Delay to cost govt Tk 100cr more Delay in the Padma Bridge construction is now forcing the government to spend an extra Tk 100 crore to protect an area of the bridge site from river erosion. The government acquired 76 hectares of low-lying land in Janjira ... Read more

Padma shines

WB revives $1.2b loan after govt meets conditions The World Bank has finally decided to revive its $1.2b loan deal for the Padma bridge project as the government has removed the hurdles to end an impasse over the scheme. In a release on Thursday, the global lender said, “The bank has agreed that, upon satisfactory ... Read more

Muhith keeps all waiting

Padma Bridge Loan Muhith keeps all waiting Finance Minister AMA Muhith yesterday said the decision on the Padma bridge project would be taken after sitting with the World Bank, Asian Development Bank and Jica. “I too have a decision,” he said without elaborating further. The minister was talking to newsmen at his secretariat office

Graft-talkers are wrong

Abul laughs off allegation at anti-graft office Former communications minister Syed Abul Hossain yesterday claimed that there was no corruption or irregularities in the Padma bridge project. “My conscience is clear and I am clean before the Most Merciful Allah…. Those who are talking about corruption and irregularities in the Padma bridge project are wrong,” ... Read more

WB still silent

Padma Bridge Project WB still silent Co-financier ADB extends time for loan, Jica not yet Since hope is still there regarding the World Bank’s taking the lead in the financing of the Padma bridge project, the Asian Development Bank has extended its loan effectuation deadline by another month. Japan International Cooperation Agency (Jica), another partner ... Read more

ACC to quiz Abul

Padma Graft ACC to quiz Abul The Anti-Corruption Commission (ACC) will quiz former communications minister Syed Abul Hossain on September 3 on the alleged corruption and irregularities regarding appointment of a consultant for the Padma bridge project. The ACC issued a notice on Sunday asking him to appear before its two-member investigation

Mashiur must go

Padma Bridge Loan Revival Mashiur must go WB may tell govt today if it can give time until primary probe into graft allegation completes; US envoy upbeat; Muhith tight-lipped Mashiur Rahman, adviser to the prime minister, has to resign to meet the conditions the World Bank has laid down to revive its credit for Padma ... Read more

‘Donation’ frenzy at govt offices

Padma Bridge Project ‘Donation’ frenzy at govt offices Commotion brews as some ministries go hyper-active Some overzealous top officials have taken initiatives to collect donations from staffs at different ministries for the stalled Padma bridge project even though the government has yet to issue any instructions to that effect. The science and technology ministry high-ups ... Read more