Financial analysis of padma bridge

The longstanding Padma Bridge project holds potential to span that gap both physically and economically Transportation infrastructure is of particular interest in Bangladesh because it can decrease operating costs, increase time-savings and boost GDP. Padma Bridge Project Research by Ashikur Rahman, senior economist at the Policy Research Institute of Bangladesh, and Bazlul Khondker, economics professor at the University of Dhaka, shows that even though the longstanding Padma Bridge project has been hindered by significant delays and cost overruns, the project is still cost beneficial.

Financial analysis of padma bridge

Economics A number of the ferryboats are obsolete; they are often overloaded and there are frequent accidents, some resulting in considerable loss of life.

The construction of the Padma Bridge will replace the unreliable and unsafe ferry connection with a reliable and safe fixed river crossing. The bridge will shorten the distance from the Southwest to Dhaka by km and travelling time will be considerably reduced.

When completed a reliable highway connection will be established between Dhaka and the land port of Benapole, the seaport of Mongla and the district capitals of Khulna and Barisal.

The provisions for a railway line on the Padma Bridge will make it possible to construct a new railway connection between Dhaka and the Southwest within the framework of the Trans Asian Railway network.

Padma Bridge will also include options for major utility connections to the Southwest including gas, power transmission, and communication lines. The Padma Bridge will be the longest bridge of its type with 6.

This will connect the south-western parts with the capital and is expected to save hundreds of thousands of working hours and huge transport costs.

Financial analysis of padma bridge Padma Bridge is a high priority national project. It would change the economic landscape of the south-western region and ultimately uplift the national economy.

The Bangladesh Bridge Authority is the executing agency of the project. Construction of the bridge was expected to commence by early and be ready for major completion in and completed all sections by After the world bank claimed to have found credible evidence of a high-level corruption conspiracy among selected government officials involved in the Padma Bridge project, the funding from the world bank and other donor organizations have stopped.

Thus government decided to take alternative sources of funding for this project such a self funding, funding from other particular countries. Back ground of the study Necessity of Padma Bridge The construction of the bridge would fulfill the long-standing dream of the people of the Southwest region to have a permanent crossing over the Padma River.

Financial analysis of padma bridge

By reducing distances to major urban centers like Dhaka by almost km, the bridge will facilitate regional trade, reduce poverty while accelerating growth and development in the country as a whole.

By facilitating transportation across the river, the bridge is expected to lead o a greater integration of regional markets within the Bangladeshi national economy. Given the interdependence of economic activities and sectors, the direct impacts of the Padma Bridge on individual sectors and factor markets are likely to induce a chain of changes in the rest of the sectors of the economy.

It will also accelerate the trade between India and Bangladesh to carry the export and imported products in other part of Bangladesh. The industrialization is not very taken place in southwest part of the Bangladesh because of transportation barrier.

If the Padma Bridge would have been established within next few years, the industrialization will be increased. The Padma Bridge would not only offer a means for vehicles to cross the river, but it would also include a railway and a conduit for telecommunications, electricity, and natural gas transmission.

As a result new job opportunity will be created for the people of the southwestern part of the Bangladesh. Thus, drive the business and economic growth of the country. Historically, this river system has split Bangladesh into i the northwest zone, bordered by the Ganges and Jamuna rivers; ii the east zone, which is east of the Jamuna River, where the capital, Dhaka, and the major port, Chittagong, are situated; and iii the southwest zone, isolated by the Padma and Ganges rivers.

The Padma River is formed by the confluence of the Ganges and the Jamuna rivers. The rivers have their sources in the glaciers of the Himalaya Mountain Range and both drain a huge catchment area in the Indian Plains.

The width of the Padma at the project site varied from 2 to 6 km in the period to present. At present, passengers and freight are transported across the river by ferry and, to a lesser extent, by launches and rowboats. Their services are grossly inadequate in terms of both capacity and service level.

Existing ferry services involve long and unpredictable waits at terminals lacking basic amenities. Project Area The project area is located at about 35 Km southwest of Dhaka.Revision 1 Bangladesh Bridge Authority. ‘Padma Multipurpose Bridge Design Project: Detailed Economic and Financial Analysis’.

as traffic using Padma Bridge will be additional to existing local traffic. capacity on the N8 to Dhaka will require upgrading to at least four lanes. III.8%”. II. Economic Cost-Benefit Analysis: Padma Bridge Project Research by Ashikur Rahman, senior economist at the Policy Research Institute of Bangladesh, and Bazlul Khondker, economics professor at the University of Dhaka, shows that even though the longstanding Padma Bridge project has been hindered by significant delays and cost overruns, the project is still cost beneficial.

Completing the Padma Bridge ECONOMIC COST-BENEFIT ANALYSIS: PADMA BRIDGE PROJECT ASHIKUR RAHMAN, SENIOR ECONOMIST, POLICY RESEARCH INSTITUTE (PRI) OF BANGLADESH One of such study was commissioned by the Bangladesh Bridge Authority in with financial.

The quantifiable cost and benefits of the Padma Bridge carried out by AECOM New Zealand Limited in their study “Padma Multipurpose Bridge Design Project: Detailed Economic and Financial Analysis”, has been modified to reassess the economic viability of the Padma Bridge. THE PADMA BRIDGE ISSUE The Padma Bridge Issue (A Dream or a Scandal) Submitted To: Mr.

Md. Najmul Hasan Lecturer Department of Banking & Insurance University of Dhaka Submitted By: Group NameI. DSignature MD. Jamal Hosen MD. Overview of the Padma Bridge The Padma Bridge is a multipurpose road-rail bridge across the Padma River to be constructed in Bangladesh.

Connecting Areas: This Bridge will connect Louhajong, Munshiganj to Shariatpur and Madaripur, linking the south-west of .

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