JICA to fund Padma bridge project

[CaPtAiN_pLaNeT]

JICA to fund Padma bridge project

JICA to fund Padma bridge project | Business | bdnews24.com

Mon, Jul 2nd, 2012 8:41 pm BdST


Dhaka, July 2 (bdnews24.com)—As Finance Minister AMA Muhith was telling Parliament on Monday the government will sit with the World Bank any time to end the impasse over Padma bridge funding, Japan International Cooperation Agency (JICA) said that it will continue with funding the project.

The announcement came hours after Asian Development Bank (ADB) hinted its withdrawal from the coveted project following World Bank s withdrawal.

"Our position has not been changed. We hope that the government of Bangladesh will deal with the current issues in a constructive way," JICA's Public Relations Office in Dhaka said in a statement.

The Finance Minister told Parliament that the government was determined to start construction of $ 2.9 billion Padma bridge in the current fiscal and it will engage the top leadership of the World Bank any time to break the impasse.

The minister made the remarks while delivering speech on Padma bridge after the bank on June 30 cancelled the loan agreement, which makes Bangladesh's biggest infrastructure project yet uncertain.

"We are also continuously negotiating with the influential members of the World Bank," he said.

"Our Executive Director in the World Bank is holding talks with the (top officials)."

Earlier in the morning, ADB issued a statement saying, "ADB understands and respects the reasons that have led the World Bank to its decision."

"ADB and the World Bank follow similar policies, rules and procedures on governance and fiduciary oversight," said the statement indicating ADB's stance in favour of the WB.

ADB pledged US$ 610 million for the project and JICA US$ 400 million.

bdnews24.com/arh/eh/bd/2032h

 

[Bilal587]

hahaha name is funy Padma, why u guys chose indian words ?

 

[livingdead]

hahaha name is funy Padma, why u guys chose indian words ?

It is bengali word not Indian word, why do you use Iranian and saudi arabic words then?

 

[Zabaniyah]

What a joker

 

[TopCat]

I think IDB wll fund too.

 

[LaBong]

It seems Mr Yunus have no friend in Japan, which is expected as Japanese tend to separate wheat from the chaff.

 

[idune]

JICA fund is not enought to build the bridge, who is he kidding?

Besides, Awami league corruption is the center of the issue. Unless Awami League looter are punished no matter who funds the bridge, people will be left to pay for Awami League looting.

 

[Zabaniyah]

JICA fund is not enought to build the bridge, who is he kidding?

Besides, Awami league corruption is the center of the issue. Unless Awami League looter are punished no matter who funds the bridge, people will be left to pay for Awami League looting.

JICA is only partly funding the project. If WB and ADP are out, so will they. It's only a matter of time.

It seems Mr Yunus have no friend in Japan, which is expected as Japanese tend to separate wheat from the chaff.

Are you drunk?

 

[UKBengali]

Can anyone with more local knowledge of Bangladesh explain just how much of an impact the Padma bridge would have to the
economy of Bangladesh?

 

[livingdead]

Can anyone with more local knowledge of Bangladesh explain just how much of an impact the Padma bridge would have to the
economy of Bangladesh?

This must be a really really massive project.

 

[Zabaniyah]

Can anyone with more local knowledge of Bangladesh explain just how much of an impact the Padma bridge would have to the
economy of Bangladesh?

A bit of a dollar crunch.

 

[UKBengali]

A bit of a dollar crunch.

Let me clarify.

I think your answer was directed at how much money it would cost and I have seen numbers of 3 billion dollars which BD by itself would be hard-pressed to find out of it's own resources.

What I meant is after it is built, just how much would this boost the economy of the South West region and BD in general?

 

[TopCat]

JICA fund is not enought to build the bridge, who is he kidding?

Besides, Awami league corruption is the center of the issue. Unless Awami League looter are punished no matter who funds the bridge, people will be left to pay for Awami League looting.

Instead of Awami League you should replace the term with BD politicians. WB suspended all funds under previous government in the communication sector due to massive corruption. They also scrappedd 10 small power plant project too. Netharland cancelled funding in river project due to Akbar's demand of bribe.

If say BNP comes to power, can you guarantee that there will be no corruption? I dont think so..

 

[Zabaniyah]

What I meant is after it is built, just how much would this boost the economy of the South West region and BD in general?

Reports and analysts say that it will boost the region greatly, unlike the Jamuna Bridge.

 

[TopCat]

Let me clarify.

I think your answer was directed at how much money it would cost and I have seen numbers of 3 billion dollars which BD by itself would be hard-pressed to find out of it's own resources.

What I meant is after it is built, just how much would this boost the economy of the South West region and BD in general?

I doubt it will bring any drastic change in BD GDP instead a lot of worthless political project will be taken to apease the people in south and south west. There is nothing we have except Royal Bengal Tiger in that part of the country which can create much difference to the national economy.