Road Transport and Bridges Minister Obaidul Quader said the loan taken by the Bridges Division from the Ministry of Finance to construct the Padma Bridge will be repaid over the next 35 years.
“The Bridge Division has taken a loan from the Ministry of Finance for the construction of the bridge worth Tk 30,000 crore. A total of Tk 36,000 crore will be paid in 35 years at 1% interest,” a- he said during a press briefing. in Mawa on Sunday (June 12) after inspecting the bridge construction works.
Obaidul Quader also noted that the loan will be repaid in a total of 140 installments with four installments per year.
The toll rate was set considering the loan repayment issue, he added.
He added that vehicles will be able to drive on the Padma Bridge from 6 a.m. the day after the inauguration.
Prime Minister Sheikh Hasina is expected to inaugurate the bridge on June 25.
“The prime minister will address a gathering on June 25 at 10 a.m. at the Mawa end of the bridge. After unveiling the nameplate, she will drive across the bridge,” Quader said.
Md Manjur Hossain, Secretary of the Bridges Department, said there will be manual and automatic toll collection arrangements.
The electronic toll system (ETC) will be used in one of the six lanes and in the other lanes it will be collected manually.
“It will take six months to launch the ETC system. The toll can be collected in an instant thanks to this,” he added.