Dhaka, Aug 25 Finance Minister Abul Maal Abdul Muhith has said the government is in the final stages of reaching an agreement with the World Bank to get the global lending agency back on board to fund the Padma bridge project. He also expressed his hope to make a success of the efforts in this regard within a week.
Speaking with bdnews24.com on Saturday at his Minto Road residence in the capital, Muhith said, "All obstacles to reach the agreement are being cleared. I hope the matter will be resolved within one week."
The Washington-based lender cancelled its promised loan of $1.2 billion for the country's biggest-ever infrastructure project in June alleging corruption. Although the government later decided to bridge Padma river with its own resources, the Finance Minister has also been trying to bring back the global lender to fund the infrastructure project.
The global lender had spelt out a number of conditions for the government to fulfil after raising the allegations and suspended the fund for the project in September last year after Canadian authorities launched an investigation into SNC-Lavalin, a firm short-listed as a consultant for the project.
The World Bank cancelled the loan on June 30 claiming that the government did not follow their recommendations.
After the deal was scrapped, Information Communications and Technology Minister Syed Abul Hossain, who was the Communication Minister when the allegations were raised, resigned and former Bridges Secretary Mosharraf Hossain was sent on leave.
Meanwhile, several newspapers reported on Saturday that Integrity Advisor of the Padma bridge project and advisor to the Prime Minister Moshiur Rahman was also excusing himself from the project.
Muhith, however, said, "We will call for tenders in November if the World Bank returns to the project, and the bridge construction work will begin by April next year."
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