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Padma Bridge Financing

 Essay about Padma Bridge Financing

Table of Items

INTRODUCTION2

BACKGROUND OF THE STUDY3

2 . 1 Necessity of Padma Bridge3

2 . 2 Regarding Padma River4

2 . 3 Project Area5

2 . five Environmental Impact5

2 . 6 Socio-Economic Impact6

INITIAL LOANS OPTION OF PADMA BRIDGE7

3. 1 Purchase and Loans Plans7

a few. 2 Money Arrangement8

SUBSTITUTE OPTIONS INTENDED FOR PADMA BRIDGE FINANCING11

4. 1 Pay for collection through ADP doze

4. two Fund Collection through Bond16

4. 3 Private Account Collection18

COST AND REWARDS ANALYSIS OF DONOR FUND19

COST AND BENEFITS EVALUATION OF VERY OWN FUND twenty one

OBSERVATION AND FINDINGS23

Conclusion25

1 . ADVANTAGES

The Padma Multipurpose Bridge Project aims to remove the last major physical barrier in the road connection between Dhaka and the South west and To the south Central regions of Bangladesh, residence to about one 1 / 4 of the Bangladesh population. At present there is a rather unreliable ferry connection over the Padma River with limited capacity and long waiting around times. Ferry services are sometimes interrupted for the during fog and substantial floods. A number of the ferryboats happen to be obsolete; they are generally overloaded in addition to frequent injuries, some leading to considerable lack of life. The construction of the Padma Bridge will certainly replace the unreliable and unsafe ferry connection with a reliable and safe set river bridging. The bridge will cut short the distance through the Southwest to Dhaka simply by 100 km and travelling period will be significantly reduced. The moment completed a reliable highway connection will be proven between Dhaka and the property port of Benapole, the seaport of Mongla plus the district capitals of Khulna and Barisal. The provisions for a railway line for the Padma Connect will make this possible to create a new railway connection between Dhaka plus the Southwest in the framework in the Trans Cookware Railway network. Padma Link will also consist of options to get major utility connections to the Southwest which includes gas, power transmission, and communication lines. The Padma Bridge would be the longest connection of its type with 6. 12-15 kilometer of length. This will connect the south-western parts with the capital and is likely to save hundreds of thousands of doing work hours and huge transport costs.

The Padma Connection is a large priority countrywide project. It would change the economical landscape of the south-western area and ultimately uplift the national economy. The task was initially co-financed by the authorities of Bangladesh, the World Financial institution, the Asian Development Traditional bank, the Asia International Cooperation Agency (JICA) and the Islamic Development Lender. The Bangladesh Bridge Expert is the doing agency from the project. Task cost is predicted to be US$3. 00 billion. Construction with the bridge was expected to start by early 2011 and stay ready for major completion in 2013 and completed all sections simply by 2015. Following the world bank claimed to obtain found credible evidence of a high-level problem conspiracy amongst selected government officials involved in the Padma Bridge project, the funding from the world bank and other donor organizations possess stopped. Hence government chosen to take substitute sources of funding for this task such a self money, funding from all other particular countries.

2 . Back ground of the research

Necessity of Padma Bridge

The development of the bridge would match the long-standing dream of the people of the Southwest region to have a long term crossing above the Padma River. The Padma Bridge is expected to open the potential and transform the lives of nearly 31 million Bangladeshis living in the country's Freebie southwest region. Simply by reducing distances to main urban centers like Dhaka by almost 100km, the bridge will facilitate regional trade, lessen poverty whilst accelerating development and growth in the country all together. By facilitating transportation across the river, the bridge is expected to bring about a greater incorporation of regional markets within the Bangladeshi nationwide economy. Given the...

Recommendations: 1-An Checking out Report on Padma Connection (06 Feb, 2013). Gathered from the attorneys & jurists website: http://www.lawyersnjurists.com/articles-reports-journals/others-articles-reports journals/investigating-report-padma-bridge/

2-Project Cost according to RDPP (30 July, 2012). Retrieved by Bangladesh Connect Authority: http://www.bba.gov.bd/index.php/projects/padma-bridge

3-Padma Connection Financing. Gathered from Wikipedia: http://en.wikipedia.org/wiki/Padma_Bridge

4-Confusion about Padma Bridge financing (12 March, 2013). Gathered from the Economical Express: http://www.thefinancialexpressbd.com/

5-PADMA CONNECTION FUNDING (4February, 2013). ). Retrieved in the Bangladesh Spending budget watch: http://bangladeshbudgetwatch.wordpress.com/2009/09/09/padma-bridge-funding-moves-taken-to-raise-tk-60b-from-bonds-surcharge/

6-Padma Bridge: Dream Vs Reality (6, August, 2012). Retrieved from the Daily Celebrity: http://www.thedailystar.net/forum/2012/August/padma.htm

7-Self financing Padma Bridge (8 August). Gathered from the Daily Star: http://www.thedailystar.net/forum/2012/August/self.htm

8-Weigh the finances intended for Padma Connect (21, Sept 2012). Gathered from the Modern age: http://newagebd.com/supliment.php?sid=127&id=932

9-Financial Evaluation (Padma a multipurpose project) by ADB. (2010).

10-Environmental and Sociable Impact Evaluation (6 Sept 2010) by simply Bangladesh Connect Authority.

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