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Sunday, October 23, 2011

Govt to go ahead with the Padma bridge without World Bank aid

Authorities for the construction of the proposed Padma bridge also without help from the World Bank (WB), precede the financing of the proposed part of one alleged graft trial exposed has, officials said on Friday.


The WB temporarily suspended a promised loan of $1.2 billion on 10, alleged on the basis of corruption in the IAEE of the contractor for the construction of the 2.9 billion-dollar multi-purpose mega bridge.


Later, the Asian Development Bank have and Japan also keep provided the release of their respective part of the budget commitments for the Padma bridge project. The case with the release of the committed is not clear, however funds through the Islamic Development Bank (IDB) for the project so far.


The Government has taken the suspension of financing by WB, before what 'substantiating the claim' as illogical called it, and decided, with the works of the project to continue, even if not the problem, leaders of the ruling Awami League and officials paid the lead lender said.


Go ahead with the challenge of building the 6.15-km bridge, an election pledge by Prime Minister Sheikh Hasina, was decided by the Government, after a meeting of the ruling party on Thursday, said the party leadership.


"The Government needs the bridge to fulfil its obligation of linking the southwestern region of the country with the capital," said Abdus Sahid, a senior leader and the chief whip of the Parliament the vu.


The Government hopes that all quarters including the opposition party would like to see the bridge as a reality and therefore cooperation of the Government would extend the exercise of the national dream, he said.


"If the initial state, World Bank no matter, we have other options for the financing of the project is of several other potential," Mr Abdus Sahid quoted the Prime Minister, as telling the meeting.


"The Government has nothing against the WB to say." If it (WB) thinks that it is not possible it can lend us the money. "But we need it (bridge) anyway," he added.


The Prime Minister has their comment hours after a Malaysian Special Envoy allegedly told her that Kuala Lumpur would be willing to consider soft loans for the bridge project.


In the meantime the WB, which have to clarify charges and the kind of corruption, last week the Government and the anti-corruption Commission officials said separately.


The Government, which already has passed term half of today's elections now complete much seriousness at least to start and a part of the bridge before the end of their term of Office up to the early 2014, said party officials.


Prime Minister Sheikh Hasina is censured the WB for the delay of the process for short list of companies to increase some unfounded suspicion in 2010.


Could be ordered to investigate other options for the financing of the project, the Government has already with discussions some other friendly countries with his strong convictions started, which required funds see offers from State to State with nominal interest and fees, sources within the ruling party, said.


Source: thedailystar.net


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