Padma Bridge

BIA keen to invest

DHAKA: Bangladesh Insurance Association is keen to invest to build the much-talked-about Padma Bridge connecting the southwestern region to the rest of the country.

Private sector insurance companies want to invest a significant part of their life fund TK 11, 000 crore to the project.

Organization Chairman Sheikh Kabir Hossain expressed their interest at a press conference at Bangladesh Insurance Association office on Thursday.  

He said the insurance companies have life bond at TK 16.299 crore. Of those, five thousands taka has already invested in government bond.

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.

BDST: 1300 HRS, JULY 5, 2012

Edited by:Rubaiat Saky, Newsroom Editor