Dhaka – A South Korean firm has signed a Memorandum of Understanding (MOU) with Bangladeshi authorities to handle toll collection and maintenance of Padma Multipurpose Bridge as construction of the mega project was progressing fast.
Korea Expressway Corporation (KEC) and Bangladesh Bridge Authority signed the deal in Dhaka on Thursday. The 6.15-kilometer long bridge on the river Padma is likely to open to traffic in June 2021.
Rezaul Haider, director (admin) of Bangladesh Bridge Authority, and Shin Young Suk, of KEC inked the documents on behalf of their respective organizations
Road Transport and Bridges Minister Obaidul Quader who witnessed the signing ceremony said the construction work Padma Bridge is progressing fast.
He said more than 73 per cent of its overall work has been completed.
“In terms of construction of the main bridge 83.50 percent of its work has been done so far,” the minister said. More than 2 kilometers of the main bridge have now been visible, added Quader.
He said the KEC will install Electric Toll Collection (ETC) system for collecting toll from the Padma Bridge and the ETC lane will be operated automatically.
A performance-based management system will be installed for maintenance of the bridge, said the minister adding that it would launch traffic information applications having ultra modern technology facilities.
The construction of the 6.15-kilometre long Padma Bridge began in December 2014 with a projected target, revised for many times, of completion by December 2020.
Prime Minister Sheikh Hasina unveiled the name plaque of the Bridge’s toll plaza on October 14, 2018.
The first span of the bridge, which will connect the country’s southern part with the capital, was installed on September 30, 2017.
The national economy is expected to grow by 1.2 percent, while it will contribute to reduce poverty by 0.84 per cent every year after the commissioning of the bridge.
The cost for construction of the bridge is estimated at 30,193.39 crore taka.