Padma Bridge (Construction)

Padma Multipurpose Bridge Project

Locations

Type

Road

Status

Under Construction

Total Reported Cost

3.7 billion USD

Initiatives

Start Date

Feb. 24 2011

Start of Construction

Dec. 12 2015

Planned Completion Date

June 30 2022

Implementers

Operators

Funders

Source(s) Amount
1,200,000,000 USD
660,000,000 USD
615,000,000 USD
300,000,000 USD
140,000,000 USD

Description

The largest development project in Bangladesh, the Padma Bridge Project was initiated in 2011 after the Government of Bangladesh reached an agreement with multilateral banks, including the World Bank's International Development Association and Asian Development Bank. The project was originally set to be completed in mid-2015. However, after an investigation into corruption, the World Bank and the ADB revoked funding in June 2012 and February 2013, respectively. The project remained stalled until December 2015 when China Railway Major Bridge Engineering Group Co. resumed the construction. The Government of Bangladesh has revised the time estimate to 2018, but documentation is scarce on revised cost and feasibility estimates. As of september 2017 47.50 percent of the construction was complete.



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This page contains data from BMI Research - Key Projects Database