Padma Bridge: Foreign JV appointed for toll collection

The government yesterday appointed a foreign joint venture as the service provider for maintenance of the Padma bridge and running toll realisation activities for five years.

The cabinet committee on government purchase approved appointing the joint venture of Korea Expressway Corporation and China Major Bridge Engineering Company for about Tk 693 crore.

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The bridge is costing Tk 30,193 crore to make.

Addressing journalists after a virtual meeting of the cabinet committee, Finance Minister AHM Mustafa Kamal said the government would realise the cost of the Padma bridge project and also make a profit by collecting tolls.

He, however, said the government was yet to fix the toll amounts for the different types of vehicles crossing the bridge.

Responding to a query on how many years it will take to realise the total cost, the minister said the government did not fix the details in this regard yet.