Padma Bridge Construction Govt. to ink $140 million loan bargain with IDB Tuesday

The supervision is starting to ink a $ 140 million loan bargain with a Islamic Development Bank (IDB) Tuesday for financing a building a total of a much-awaited Padma Multipurpose Bridge (PMB), meant for joining country’s southwestern partial with a capital.

Apart from a PMB, a supervision will additionally pointer an a single more $ 14.84 million agreement with a IDB for a doing of a water-supply as great as sanitation plan in cyclone-prone coastal areas.

The agreement-signing rite will be reason during a method of financial during 9:30 am in participation of Finance Minister AMA Muhith, upon vacation IDB boss Dr Ahmad Mohamed Ali, member of a little donor agencies as great as tall supervision officials.

Earlier upon Apr 28, a supervision sealed a US$ 1.2 billion loan bargain with a World Bank for a building a total of a Padma Bridge as great as an a single more US$ 415 million credit agreement with Japan International Cooperation Agency (JICA) upon May 18.

The 6.15-km overpass over a Padma, together with 3.68 kms of land-based proceed viaducts upon both sides of a river, will bond country’s nineteen southwestern districts with a capital.

About Tk 20,500 crore will be outlayed for implementing a Padma Bridge project. Of this, a supervision will yield Tk 4,257 crore whilst a rest will come in a form of plan aid.

The supervision expects to finish a categorical overpass by 2013.

“The IDB boss will leave Dhaka for Dubai a same day after signing a agreements,” pronounced an central source.

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