The estimated cost of the much-hyped Padma Multipurpose Bridge Project is likely to see a rise for the third time as more lands have to be acquired for the completion of the project. With the proposed additional cost of Tk1,400cr, the overall cost for the long-awaited bridge would be standing at Tk30,193.38cr, reports UNB. The project, when approved in 2007, was supposed to cost Tk10,162cr, but in 2011 it was revised upwards to Tk20,507cr. The last and second revision of the Padma Bridge Project was approved by the Executive Committee of the National Economic Council (Ecnec) on January 5, 2016, with an estimated cost of Tk28,793.38cr assuming December 2018 as the completion deadline. Also Read- Padma Bridge authorities seek more timeThe official also said the proposed project cost hike of Tk1,400cr is 4.86% of the overall project cost.

Source: Dhaka Tribune September 18, 2017 15:22 UTC