Financial Analysis of Padma Bridge
2243 words 9 pagesTHE PADMA BRIDGE ISSUE
The Padma Bridge Issue
(A Dream or a Scandal)
Mr. Md. Najmul Hasan
Department of Banking & Insurance
University of Dhaka
Submitted By: Group-11
Name I.D Signature
MD. Jamal Hosen 16-056
MD. Shafiqul Islam 16-096
Masudur Rahman 16-094
M.M. Azizur Rahman 16-079
Zual Rana 16-079
Date of Submission: 16 October, 2012
16th October, 2012
Mr. MD. Najmul Hasan
Department of Banking
University of Dhaka
Subject: Report on “Padma Bridge Issue”.
Here is the term paper on “Padma Bridge Issue” that you assigned us to prepare. In this term paper we have taken the information of Padma Bridge from primary & secondary sources. We have tried to show that …show more content…
The project will include 6.15 km long and 21.10 m wide bridge, 15.1 km of approach roads, toll plazas and service areas.
Cost of Constructing the Padma Bridge:
Project cost is estimated to be US $3.00 billion.
Financing of Padma Bridge:
Funding for the project is provided by the Asian Development Bank (US$615 m), the World Bank (1.5 billion), Japan International Cooperation Agency ($415 m), Islamic Development Bank ($140 m). and Abu Dhabi Development Group ($30 m). Of the total amount, the government will provide Tk 50 million while the rest will come in the form of project aid.
The Cost of alternative sources of financing:
The foreign financing options that have been in discussion including:-
Soft-loan providers like the WB Asian Development Bank Japan International Cooperation Agency (JICA) Islamic Development Bank Suppliers' credit from Malaysia Issuance of sovereign bonds by the government itself.
Problems Regarding the Padma Bridge Issue
financing of the project would be dome from domestic resources. Now, the problem is that whether the plan sort out by the Prime Minister is sufficient to construct the proposed Padma Bridge without foreign funds or not.
The Padma Bridge scandal On September 21, 2011 the WB sends a letter to the finance minister alleging that then the communications minister Syed Abul Hossain and high officials of SAHCO had pressed for the appointment of