Bangladesh bridge building budget insufficient?

The budget for Bangladesh’s Padma Bridge project may have to be increased. A further US$168.7 million has been requested for the project by the Ministry of Road Transport & Bridges. This additional funding would help pay for additional land on which dredged materials could be tipped. However, Bangladesh’s Implementation, Monitoring & Evaluation Division is opposing the call for extra funds.
May 8, 2018 Read time: 1 min
The budget for Bangladesh’s Padma Bridge project may have to be increased. A further US$168.7 million has been requested for the project by the Ministry of Road Transport & Bridges. This additional funding would help pay for additional land on which dredged materials could be tipped. However, Bangladesh’s Implementation, Monitoring & Evaluation Division is opposing the call for extra funds.
Finance & Funding

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30% increase in cost expected for Bangladesh’s Padma Bridge project

The price of building the Padma Bridge in Bangladesh could rise by 30% due to the depreciation of the taka against the US dollar and rising construction material prices. The bridge had been most recently forecast to cost US$2.9billion, with budgets previously having risen two-fold from the US$1.22billion funding package approved in 2007 by Bangladesh’s Executive Committee of the National Economic Council (ECNEC).
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