PPP confirmed for Padma Bridge

Dhaka's cabinet committee of economic affairs confirmed in July that a new bridge would be build over the Padma River to accompany the first four-lane bridge completed earlier this year. Last week it confirmed that  public-private partnership would be used to fund the deal on a build, own, operate and transfer basis. 

The committee also approved a PPP project to extend the Hazrat Shahjalal International airport, on which a final decision is expected shortly, and initiated another project to develop two jetties at the Mongla port.

Bangladesh Bridge Authority's first Padma Bridge, a US$3bn multi-purpose road/rail bridge, is the largest in the country, connecting the Louhajong, Munshiganj, Shariatpur and Madaripur regions. Construction of the bridge was completed this year, co-financed by the Government of Bangladesh, the World Bank, the Asian Development Bank, the Japan International Cooperation Agency and the Islamic Development Bank.

Bangladesh Bridge Authority  is the executing agency of the project.