Sunday, December 22, 2024

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

ACC to work with WB, if loan revived

Padma Graft ACC to work with WB, if loan revived Anti-Corruption Commission (ACC) Chairman Ghulam Rahman yesterday said the graft watchdog will work with the World Bank’s “panel of investigative experts” only if the global lender revives its funding for the Padma bridge project. “Scope for working jointly with the WB would be created if ... Read more

Muhith still hopeful

Padma Loan Muhith still hopeful Finance Minister AMA Muhith has expressed hope that the government may reach a settlement with the World Bank on funding the Padma bridge project. “It is possible to reach a solution with the World Bank soon,” Muhith told BBC Bangla Service on Wednesday. Mentioning the steps taken to fulfil the ... 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

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

WB’s green light to Padma Bridge

Project to gather pace finally The World Bank has finally given the go ahead for the Padma bridge construction tender process with five pre-qualified firms, communications ministry officials said. The government sent documents of the five pre-qualified firms for the bridge construction job to the World Bank headquarters in Washington in January. The lead financier ... Read more

WB okays $1.2b for Padma bridge

The World Bank has approved $1.2 billion concessional credit for the Padma Multipurpose Bridge Project. The much-expected approval was given at a board meeting of the bank, held Thursday at its headquarters in Washington DC, says a WB press release. The project, with an estimated cost of $2.9 billion, is expected to unlock the economic