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BANGLADESH NEWS
DHAKA: In the latest development, Japan International Cooperation Agency (JICA) said it would continue its funding much-talked-about Padma Bridge project.
In a statement on Monday, JICA said it has not changed its decision over funding to construct the bridge.
A press release from Public Relations Section of JICA Bangladesh Office reads: “We hope that the Government of Bangladesh will deal with the current issues in a constructive way.”
Earlier in the day, JICA, a co-financer of the mega project, in a statement said it would take decision on the project after having a discussion with Japan government.
The statement said: “The situation is very much regrettable in spite of the efforts between the government of Bangladesh and the World Bank. We will consider our position to the project with the consultation with the Japanese government, referring to the other co-financers positions.”
Jica was committed to funding $400 million for the Padma bridge project.
In the latest development, Asian Development Bank (ABD) also canceled credit for Padma Bridge project with immediate effect on Monday.
In a statement, the ABD authority said it will not fund for the much-talked project.
Earlier on June 30, the World Bank canceled a $1.2 billion credit for a Padma bridge project, saying it had "credible evidence" of a high-level corruption conspiracy among officials of Bangladesh government.
"In light of the inadequate response by the government of Bangladesh, the World Bank has decided to cancel its $1.2 billion credit in support of the Padma multipurpose bridge project, effective immediately," the World Bank said in a statement.
In a statement on Monday, JICA said it has not changed its decision over funding to construct the bridge.
A press release from Public Relations Section of JICA Bangladesh Office reads: “We hope that the Government of Bangladesh will deal with the current issues in a constructive way.”
Earlier in the day, JICA, a co-financer of the mega project, in a statement said it would take decision on the project after having a discussion with Japan government.
The statement said: “The situation is very much regrettable in spite of the efforts between the government of Bangladesh and the World Bank. We will consider our position to the project with the consultation with the Japanese government, referring to the other co-financers positions.”
Jica was committed to funding $400 million for the Padma bridge project.
In the latest development, Asian Development Bank (ABD) also canceled credit for Padma Bridge project with immediate effect on Monday.
In a statement, the ABD authority said it will not fund for the much-talked project.
Earlier on June 30, the World Bank canceled a $1.2 billion credit for a Padma bridge project, saying it had "credible evidence" of a high-level corruption conspiracy among officials of Bangladesh government.
"In light of the inadequate response by the government of Bangladesh, the World Bank has decided to cancel its $1.2 billion credit in support of the Padma multipurpose bridge project, effective immediately," the World Bank said in a statement.
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