Padma Bridge Project
Five major risks found in Malaysian offer
The finance division has pointed out five major risks in Malaysia’s initial proposal for the Padma bridge financing, and said they must be addressed if the proposal is to be accepted, according to a finance ministry official. Though the deal has been described as a government to government agreement, the Memorandum of Understanding signed between the two
padma bridge project
Govt’s action under watch
Padma bridge co-financiers ADB, Jica extend loan deal by a month; wait to see how govt acts on WB’s graft concern; failure to cost future donor funding
The ADB and Jica have extended their Padma bridge loan effectuation date by a month with a clear message that during this time the government has to address the issues of corruption raised by the World Bank.
If the government does not does not do so, the Asian Development Bank (ADB) and Japan International Cooperation Agency (Jica) will not fund the bridge
Malaysia submits concept proposal
Padma Bridge Project
Malaysia submits concept proposal
The government intends to sign the final agreement with Malaysia within a couple of months on the proposed Padma bridge project, said the communications minister yesterday after his meeting with a visiting delegation.
A 26-member delegation, led by Malaysian Prime Minister’s Special Envoy Dato Seri S Samy Vellu, placed a concept proposal on the project to Communications Minister Obaidul Quader at the
It’s most transparent
Abul on Padma project
Communications Minister Syed Abul Hossain yesterday claimed the Padma Bridge is the most transparent project the World Bank ever financed in Bangladesh.
“I will finally prove, it [Padma Bridge] is the most transparent project ever executed by any ministry under the World Bank funding,” the minister said while launching new vehicles of Tata Motors at
WB names Abul, his firm
The minister denies allegation
Communications Minister Syed Abul Hossain and senior representatives of his family-owned company SAHCO, sought to coerce multiple companies into using SAHCO as a paid “silent agent” for getting permission to bid for the main bridge contract of Padma Multipurpose Bridge project.
Companies failing to cooperate were threatened with retaliation, revealed an investigation report
Light not thrown on graft allegations yet
Muhith admits World Bank halts Padma Bridge funding; bins propaganda against Yunus
The World Bank has “temporarily halted” funding the Padma Bridge project and is waiting for the government’s response to its allegations of corruption in the tender process for the project. The government has not yet made it clear what the graft allegations are, triggering speculations on the issue.
“What the position of this halt will be depends on what response I will make to it
WB takes hard line on graft allegations
Padma Bridge Project
WB takes hard line on graft allegations
Says no funding if govt doesn’t take action
The World Bank will not fund the proposed Padma Bridge project unless the government takes actions against alleged corruption in the project’s tendering process, and brings changes at the top level of the communications ministry, sources in the finance ministry said.
WB notified the government about its position in an exclusive letter to Finance Minister
Padma Bridge in a quagmire
WB freezes on short-listed questionable companies; govt seeks to know the names, move on without those
The construction of Padma Bridge will face a long delay if the World Bank does not accept the government’s proposal to start the work soon without involving the firms accused of corruption.
The proposal was made when WB Vice-President Isabel M Guerrero met Prime Minister Sheikh Hasina on Sunday.
Finance Minister AMA Muhith, who was present at the meeting, said this at a press briefing at his secretariat office yesterday.
The WB official came to