PM Hasina receives over 314C as Padma Bridge loan repayment instalments

Prime Minister Sheikh Hasina on Thursday received over Tk314 crore as the 7th and 8th instalments of loan repayment taken for the construction of the Padma Bridge.

Road Transport and Bridges Minister Obaidul Quader handed over a cheque of Tk314,64,86,963 to the prime minister as the seventh and eighth instalments of loan for Padma Bridge at a program at the Ganabhaban.

The prime minister's Principal Secretary M Tofazzel Hossain Miah, PMO Secretary Mohammad Salahuddin, prime minister's Press Secretary M Nayeemul Islam Khan, Finance Division Secretary Dr Md Khairuzzaman Mozumder and other concerned high officials were present at the program.

With the latest instalments, the bridges division has so far paid a total of Tk1262,66,06,548 to the government.

On April 5, the bridges division began the repayment of the loan with Tk316,90,97,050 from the revenue it earned as toll collection from the bridge as the first and second instalments.

A total of Tk1653,71,65,550 was collected as toll from the Padma Bridge since its operation on June 25 in 2022 to June 26, 2024.

The Padma Bridge was built with own finance at a cost of over Tk32,605.52 crore.

The loan was taken 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 — 6.15-km Padma Bridge — over the mighty river Padma.

Source: BSS