Marking a significant milestone in the country's infrastructural landscape Bangladesh Prime Minister Sheikh Hasina officially unveiled the 82-kilometer Padma Bridge Rail Link. This colossal project is a hallmark of China's Belt and Road Initiative and stands as the most expansive infrastructure endeavour in Bangladesh's history.
The inauguration event, attended by numerous dignitaries and officials symbolized a moment of national pride and achievement. The Padma Bridge Rail Link is poised to transform the transportation landscape in Bangladesh, fostering greater connectivity and economic development.
The project, undertaken as a testament to the deepening partnership between Bangladesh and China, holds immense significance for both nations. The bridge spans the Padma River and links the country's southwestern region to the rest of Bangladesh paving the way for enhanced trade, transportation, and economic prosperity.
Prime Minister Sheikh Hasina expressed her optimism about the bridge's far-reaching implications, emphasizing its role in facilitating the movement of goods, people, and services. This monumental endeavour will undoubtedly bolster Bangladesh's economic growth, further solidifying the nation's position as a key player in regional development.
With the inauguration of the Dhaka-Bhanga rail section the nation's prospects for enhanced connectivity and economic growth have taken a significant leap forward. The remaining section, which will link Jessore, is earmarked for launch in June of the following year. This expansion is expected to further fortify connectivity and bolster economic opportunities across Bangladesh.
During the inaugural ceremony, the Chinese Ambassador to Bangladesh, Yao Wen, played a pivotal role by emphasizing the critical significance of the Padma Bridge Rail Link. He underscored that this project stands as a hallmark initiative under the Belt and Road Initiative (BRI) and represents the most substantial infrastructure endeavour in Bangladesh to receive Chinese preferential loans.
Ambassador Yao Wen highlighted the transformative potential of the project, estimating that it will bring direct benefits to an astonishing 80 million people and foster a remarkable 1.5 per cent surge in economic growth for the nation.
The estimated cost of this ambitious undertaking is an impressive Tk 39,246.80 crore, made possible through a substantial loan of Tk 21,036.70 crore provided by the Exim Bank of China. This substantial financial support is a pivotal driving force in realizing the Padma Bridge Rail Link project. Its successful implementation has the potential to reshape the economic landscape of Bangladesh while simultaneously extending enhanced connectivity to millions of its citizens.
Image source: India Today