Tag: Bangladesh PM

  • Bangladesh awaits its bridge of desires around the mighty Padma

    All alongside the new six-lane freeway from Dhaka to Mawa in Munshiganj district, indicators with photos of Sheikh Hasina congratulate her and the folks of Bangladesh on “amader swapner Padda Setu” — the Bridge of Our Desires Around the Padma.

    The indicators are backed by means of native leaders of the ruling Awami League and compete with every different to lavish reward and gratitude at the chief — however they invariably discuss with the “dream”.

    Twenty-one years after the Top Minister, within the closing days of her earlier tenure, laid the root stone in Mawa, a decade after the Global Financial institution cancelled its $1.2 billion investment pronouncing it “can’t, will have to now not, and won’t flip a blind eye to proof of corruption” within the undertaking, and 7 years after Bangladesh started development with its personal cash, the Padma Multipurpose Street-Rail Bridge is able to be inaugurated on Saturday. The dream is set to return true.

    The Padma Bridge is the largest and maximum difficult infrastructure asset ever created in Bangladesh. Through becoming a member of the southwest — house to 30 million other folks — with the capital around the mighty river that cleaves throughout the nation, the bridge is anticipated to provide an extraordinary spice up to communications, industry, and the financial system of Bangladesh as a complete.

    The federal government estimates GDP to extend by means of 1.23 in step with cent — and the southwestern regional GDP by means of 2.3 in step with cent — because the bridge starts to supply returns.

    It’s going to dramatically minimize the street distance between Dhaka and towns to its west reminiscent of Khulna, Jessore, and Barisal. And as soon as the railway line at the bridge is opened — possibly by means of March 2024 — Dhaka may just come inside three-and-a-half hours of Kolkata, probably revolutionising industry and conversation with India.

    However as of now, for many Bangladeshis, the $3.6-billion, greater than 6-km-long bridge over an expanse of swirling water so large it may well be the ocean itself, is above all an object of immense nationwide pleasure — the emblem of a assured country marching against a triumphant future it believes is inside its achieve.

    The bridge symbolises “the power of Bangladesh’s nationwide resolution”, and with its inauguration, the rustic “will flip a decisive nook in its financial tale, which has defied the gloom-and-doom prophesies of early neoliberal and rightwing sceptics”, mentioned Dr Ashikur Rahman, Senior Economist on the Coverage Analysis Institute in Dhaka.

    Through offering highway and rail hyperlinks between the rustic’s quite less-developed southwest and the extra advanced east, the bridge will result in higher integration of regional markets, Rahman mentioned. The Khulna and Barisal divisions are anticipated to look essentially the most important financial and poverty aid affects because of this, he mentioned.

    “The bridge will minimize the gap from Mongla Port (in Khulna) to Dhaka by means of greater than 100 km to simply 170 km,” Rahman mentioned. “24,000 automobiles will ply on it on a daily basis on moderate in 2024, and 67,000 by means of 2050… Consistent with ADB and different impartial estimations, the bridge is most probably to spice up our GDP enlargement by means of a minimum of 1%,” he mentioned.

    Additionally, the a success final touch of the undertaking after the Global Financial institution selected to offload it — the corruption case in opposition to Bangladeshi officers and managers of SNC-Lavalin collapsed in a Canadian court docket in 2017 — has introduced the rustic priceless revel in in conceiving, financing, and executing initiatives of mega scale, Rahman mentioned.

    Economist Dr M Masrur Reaz, chairman of the general public coverage assume tank Coverage Alternate of Bangladesh, too underlined the “rising features of our proud country in creating and imposing very huge and complicated infrastructure initiatives…that may upload to its recognition in global negotiations entailing industry, building, and undertaking finance”.

    With “focused supportive financial making plans”, the bridge will “lend a hand broaden new production, agribusiness, services and products and logistics companies which might be anticipated to ship advantages to the track of $25 billion over 30 years”, Reaz mentioned.

    “It’s going to lend a hand propel Bangladesh nearer to an higher middle-income, and thereafter a high-income nation by means of 2041,” he mentioned.

    Dr Atiur Rahman, who was once Governor of Bangladesh Financial institution from 2009 to 2016, mentioned the central financial institution stood with the federal government when the Global Financial institution pulled out of the undertaking, and confident regulatory convenience to the banking sector to give you the required foreign currency.

    “The designated financial institution would use the foreign currency from its personal finances, procure from the marketplace, and get any further quantity from the central financial institution. Bangladesh Financial institution was once able to supply any quantity from its reserves, that have been then rising considerably. It additionally agreed to ease regulatory necessities like permitting banks to supply letters of convenience to global and nationwide specialists for import of machines, fabrics, and so forth.,” the previous Governor advised The Indian Categorical.

    “The central financial institution additionally began a marketing campaign to get extra remittances from in a foreign country… Remittances greater from $9 billion to about $15 billion between 2009 and 2015. Reserves too greater from $7 billion to $30 billion all through this era,” Dr Rahman mentioned.

    The Padma Bridge has been constructed by means of the China Main Bridge Engineering Corporate, a subsidiary of the state-owned China Railway Crew, which, Bangladeshi officers time and again underline, were given the contract in Might 2014 best as it introduced the bottom bid of $1.55 billion. Paintings started on the finish of November that yr.

    Ahamed Ahasan Ullah Majumder, an engineer with the Bangladesh Bridge Authority who has labored at the bridge since 2016, spoke of the engineering demanding situations of the undertaking. The Ganga-Padma-Brahmaputra gadget carries one of the crucial biggest volumes of water on this planet, the sandbanks within the braided river are regularly emerging, falling, and shifting, and strong underwater currents provide complicated issues for development.

    The principle bridge is 6.15 km lengthy — 9.83 km in all, together with the street and rail viaducts on the two ends — and 21.65 m extensive. It’s excessive sufficient for the most important vessels to cross beneath, and has 42 piers, 40 of which might be within the river and two are “transition” piers of an absolutely other design, Majumder mentioned.

    The longest pile of the bridge has been pushed to a intensity of 122 metres — a file in line with the federal government. At the higher deck is a four-lane freeway and at the decrease deck, twin gauge railway traces.

    “After June 25, it will take 10 mins to move the Padma,” Majumder mentioned. “It’s unthinkable… The ferry crossing by myself takes an hour now, and including the stay up for a ship or the time spent caught in visitors snarls at both finish, the adventure can simply take two and a half of or 3 hours,” he mentioned.

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    The lack of time on the river crossing is “kalpanaheen” (past creativeness), mentioned Mohammad Shiblu Hawladar of Pirojpur district in Barisal department, who has been using a cab everywhere Bangladesh for the closing 19 years.

    “My house is only 170 km from Dhaka, however other folks assume that’s truly a long way… Chittagong in contrast is set 235 km, however going there does now not contain crossing the Padma, and it’s subsequently thought to be a lot nearer to Dhaka,” he mentioned.

    “My nation has needed to undergo hardships because the time we gained our independence, and the absence of highway and rail hyperlinks has added to the struggling of deficient other folks… Right here in this ghat, girls, kids and the aged spend whole nights ready to move the river; vehicles loaded with perishable items are caught indefinitely… This bridge is a notun aashaar aalo (a mild of latest hope) for they all,” Shiblu mentioned.

    “I’ve prior to now attempted to get to my house and circle of relatives by means of chaand raat (the evening sooner than Eid) however didn’t move the river in time,” he mentioned. “Inshallah that may by no means occur once more. This bridge lets in me to dream.”