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Published on May 19, 2014
“The consultancy firm and local technical committee have selected this Chinese company after scrutiny,” Obaidul Quader said on Monday. He said the purchase committee would issue the work order within three weeks after approval.
The 6.15 km bridge, costing an estimated Tk 91.72 billion, will connect 21 southern districts with the capital.
Quader said the mega project would be completed by the end of 2017 or early 2018. A work order for river management would be issued in August.
China proposed building the bridge on the build-own-transfer (BOT) basis by investing $2 billion or 70 percent of the project cost.
Four companies - China Major Bridge Engineering Company, Daelim-L&T JV and Samsung C&T Corporation - purchased the tender papers. But only the Chinese company submitted their financial proposal on Apr 24 this year.
The state-owned company has constructed structures like the famous 36 km Hangzhou Bay Bridge, the longest sea-crossing bridge in the world.
Padma Bridge, when commissioned, will boost the GDP by as much as 1.2 percent.
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