World Bank to support Bangladesh river projectSeptember 21st, 2012 - 8:54 pm ICT by IANS
Dhaka, Sep 21 (IANS) The World Bank plans to restart negotiations on a $1.2 billion loan to Bangladesh for building a bridge over the Padma river.
Friday’s announcement comes after the government introduced a slew of measures to address the lender’s concerns about corrupt officials involved in the project.
“The World Bank remains vigilant to any signs of corruption in the Padma bridge project,” the Daily Star quoted a statement from the lender as saying.
The project was expected to spur economic growth.
The bank had cancelled its loan June 29, saying it had proof of a corruption conspiracy involving Bangladeshi officials and contractors involved with the project.
Officials alleged to have been involved in corrupt acts in connection with the project have been put on leave until the probe was completed, the newspaper added.
- Bangladesh to fund Padma bridge project - Jul 09, 2012
- Bangladesh urges World Bank to release funds for bridge - Jul 26, 2012
- World Bank cancels credit for Bangladesh bridge project - Jun 30, 2012
- Bangladesh gets $1.2bn World Bank loan for bridge - Apr 28, 2011
- Malaysia to fund Bangladesh bridge project - Feb 05, 2012
- India, Bangladesh to hold talks; PM's visit on agenda - Jun 06, 2011
- Bangladesh objections hold up Tripura projects: Minister - Aug 04, 2012
- Big Japanese aid for Bangladesh bridge - Nov 30, 2010
- Bangladesh to implement 14 projects with Indian loan (Lead) - Jul 21, 2010
- World Bank launches $6.1 bn support programme for Bangladesh - Sep 15, 2010
Tags: acts, bangladesh, bridge project, building a bridge, conspiracy, corrupt officials, corruption, daily star, economic growth, june 29, measures, negotiations, padma river, project officials, proof, signs, slew, world bank