Padma Bridge receives TK 8,100cr in new ADP



TBT Live Update: An amount TK 8,100 crore has been allocated for the much-hyped Padma Multipurpose Bridge Project in the new Annual Development Programme (ADP) for fiscal 2014-2015.

The approval of the new ADP of TK 86,000 crore came from the National Economic Council (NEC) meeting held at the NEC conference room in city’s Sher-e-Bangla Nagar area with Prime Minister Sheikh Hasina in the chair on Tuesday.

Of the TK 8,100 allocation for the Padma Bridge, TK 1,600 crore has been earmarked as project assistance for this project, Planning Ministry sources said.

The revised allocation for the Padma Bridge project in the current fiscal year was TK 2042.56 crore of which TK 356.89 crore were spent during the July-March period of the current fiscal year.

However, the cumulative expenditure till March 2014 against the Padma Bridge project was TK 2189.09 crore.

Replying to a query during the briefing after the NEC meeting, Planning Minister AHM Mustafa Kamal said the Padma Bridge Project received TK 8,100 crore allocation for the next fiscal year.

He said the work order for the bridge project would be issued by June next while the physical work on the main bridge construction would start by the very next fiscal year.

“The dream Padma Bridge project would be implemented within the next three and a half years,” said the optimistic Planning Minister.

Earlier on Monday, Communications Minister Obaidul Quader said that China Major Bridge Engineering Company got the main construction work of the Padma Multipurpose Bridge.

He came up with the disclosure while addressing a discussion at Awami League President’s Dhanmondi political office in the city.

Obaidul Quader said the technical evaluation committee awarded the work to China Major Engineering Company after scrutinizing all the tender bids.   The work order will be given to the company within the next three weeks.