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PM receives over Tk314cr as Padma Bridge loan repayment instalments

TBP Desk
27 Jun 2024 15:36:43 | Update: 28 Jun 2024 11:15:09
PM receives over Tk314cr as Padma Bridge loan repayment instalments
— Courtesy Photo

Prime Minister Sheikh Hasina Thursday received over Tk 314 crore as the 7th and 8th instalments of loan repayment taken for the construction of the Padma Bridge.

Road Transport and Bridges Minister Obaidul Quader handed over a cheque of Tk 314,64,86,963 to the prime minister as the seventh and eighth instalments of loan for Padma Bridge at a programme at the Ganabhaban, reports BSS.

Prime Minister’s Principal Secretary M Tofazzel Hossain Miah, PMO Secretary Mohammad Salahuddin, Prime Minister’s Press Secretary M Nayeemul Islam Khan, Finance Division Secretary Dr Md Khairuzzaman Mozumder and other concerned high officials were present at the programme.

With the latest instalments, the bridges division has so far paid a total of Tk 1262,66,06,548 to the government.

On April 5, the bridges division began the repayment of the loan with Tk 316,90,97,050 from the revenue it earned as toll collection from the bridge as the first and second instalments.

A total of Tk 1653,71,65,550 was collected as toll from the Padma Bridge from its operation on June 25 in 2022 to June 26, 2024.

The Padma Bridge was built with own finance at a cost of over Tk 32,605.52 crore.

The loan was taken from Bangladesh Bank at a low interest rate under an agreement signed between the Finance Division and the Bangladesh Bridge Authority.

On June 25, 2022, the prime minister opened the country’s largest bridge – 6.15-km Padma Bridge – over the mighty river Padma.

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