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5th and 7th installments

Tk 315cr of govt loan for Padma Bridge repaid

News Desk | banglanews24.com
Update: 2023-12-18 13:35:04
Tk 315cr of govt loan for Padma Bridge repaid

Prime Minister Sheikh Hasina today (December 18) received Tk 315 crore as the 5th and 7th installments of the loan taken for the construction of Padma Bridge.

Road Transport and Bridges Minister Obaidul Quader handed the prime minister a cheque for Tk3,15,07,53,442 at Ganabhaban, PM's Press Secretary Ihsanul Karim told the media.

The Bridges Division has so far paid back Tk9,48,01,19,585 to the government in six installments.

The Padma Bridge was built with Bangladsh’s own funding at a cost of over Tk32,605 crore.

On April 5, the division began the repayment of the loan with Tk3,16,90,97,050 from the revenue it had earned in tolls from the bridge in the first and second instalments.

On June 19, the Bridges Division paid repaid Tk3,16,02,69093 in the third and fourth instalments.

The loan was taken out 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 – the 6.15-km Padma Bridge – over the mighty Padma River.

BDST: 1328 HRS, DEC 18, 2023 
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