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India grants $200 million for Padma Bridge construction

Riyad

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Padma river (Ganges main distributary) is named after Hindu Goddess Lakshmi. Lakshmi's other name is Padma. Seems like this bridge will bring 'Lakshmi' to India's North east states through Bangladesh. :enjoy:

India disburses full $200 million grant it had pledged for Padma Bridge

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“The entire grant is being utilised in the Padma Bridge project. That’s why the money has been parked in the Bangladesh Bank’s Forex Reserves and Treasury Management Department.”


The Department’s General Manager Kazi Sayedur Rahman told bdnews24.com: “We’ve received the entire $200 million of the grant amount. Now we’ll spend it in accordance with government’s priority.”

Former Indian prime minister Manmohan Singh had announced the $1 billion line of credit during his Dhaka visit four years ago.

After the World Bank had pulled out of the Padma Bridge financing, the government announced that it would implement the country’s largest infrastructure project involving $3 billion with its own funds.

China’s Major Bridge Engineering Company has been awarded the construction works of the six-kilometre bridge on the River Padma.

India disburses full $200 million grant it had pledged for Padma Bridge -

bdnews24.com
 
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A good move.. Connection to NE India is a very good move..
Hope to see work on it soon..
 
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It would collapse within 2 months if you guys did :whistle:

We have experience in constructing many such bridges, it would have been far better than any china-maal.
 
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Its just a peanuts compared to what is needed for India transit 7 billion dollar.
$6.8 billion still to go.
 
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