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 ... Read more
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 ... Read more
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 ... Read more
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 ... Read more
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 ... Read more
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, ... Read more
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 ... Read more
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 ... Read more