The Executive Committee of the National Economic Council (ECNEC) is likely to approve the revised project proposal of the Padma Multipurpose Bridge (PMB) with construction cost nearly doubled.
ECNEC Chairperson and Prime Minister Sheikh Hasina will chair the meeting to be held at the NEC in city’s Sher-e-Bangla Nagar.
The government, which already completed negotiations with the donors, is likely to ink the loan agreement soon as it intends to complete the construction works of the bridge by 2013, said Planning Ministry sources.
The proposed revised cost for the project is Tk 20,507 crore as against Tk 10,161 crore approved by the ECNEC during the army-backed caretaker government in fiscal 2007-08.
Of the total project cost, the government will provide Tk 4,257 crore while Tk 16,249 crore will come as project assistance.
The main reasons behind the expenditure augmentation are change in design, increase in length and land acquisition.
The objective of the project is to construct a 6.15 kilometer bridge on the river Padma at Maowa-Jajira point on Dhaka-Maowa-Khulna highway.
The proposed activities under the project are acquisition of 1,124 hectares of land, 14 km of river training, construction of 12 km approach road, toll plaza and services area apart from the construction of 6.15 km main bridge and other related works.
In the Annual Development Programme (ADP) of fiscal 2010-11, Tk 1,208 crore was allocated for the project – Tk 300 crore from the national exchequer and Tk 908 crore in project assistance.