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Blog Posted in avatar   Shafiqul Islam Jibon's Blog

World Bank has to prove Corruption first before lending money to Padma Bridge, Said Bangladesh

By Shafiqul Islam Jibon
Posted Jan 26, 2012 in Crime
By Shafiqul Islam Jibon
Bangladesh will refuse the World Bank to lend money to largest bridge in Bangladesh, if they cannot prove corruption allegations against its officials. Bangladesh Prime Minister Sheikh Hasina hinted in a conference about this in Dhaka on Thursday.
Prime minister said, "donor organisations has raised allegation of corruption to the proposed Padma bridge, but we did not find such allegations about it. Now it has prove by donor agencies themselves to identify the corruption. Bangladesh will not accept organisation's fund to the project if they fail to proof it''.
World Bank suspended a $1.2 billion loan to Bangladesh due to allegations of corruption to the Padma Bridge. The concern minister has to Regine due to public dissatisfaction and bad reactions from the donor agencies.
The Anti corruption Commission is now investigating such allegations against concern officials, though they could not find any corruption as Prime Minister Hasina claimed.
Padma Bridge is a dream project of Bangladesh. The project cost was calculated of $2.9 billion dollars. Apart from the World Bank, Asian Development Bank (ADB) has pledged $610 million, Japan International Cooperation Agency (JICA) $400 million and Islamic Development Bank supposed to finance $140 million to implement this dream for Bangladesh.